Im thinking of buying some of asx:nxt Im not the biggest bull on their business, but thats probably because i dont know too much about it. They dont look cheap- near 5 yr highs, but have had good financial milestones last FY. The industry seems to be grwoing, barriers to entry are high, a fair amount of value add and innovation to be had in the industry, established presence already as no 1 in aust marketplace. Probably about 8 mo to 1 yr late ...but still a good buy? I have briefly seen their annual report and seems ok to me. Main drawback is capital intensiveness of the business especially in asset construction/acquisition but are on a growth path with sales and new business , and im sure will continue, especially with new innovation in the pipe and via partnerships with the big US cloud vendors. Cant see this industry not grow and they are well positioned to take advantage of growth in the australian market. Im not a bull on australian tech stocks, but am on this one, i think? Looking at 2 yr hold- should see about 50% growth in share price?