Wes Cummins

And then where's my cost of capital?

And this piece in the middle is what shareholders capture, right?

It's what we capture.

Right.

And so if I can do 70, 30, I'm going to push this down.

But the reason I want to keep 30% for non-investment grade, I get a higher yield.

So I get to push this part up.

And so we're trying to make this part in the middle as big as we possibly can.

And so I think that's the optimal balance to push cost of capital down, but my yield up as high as I can get my yield on assets.

And so that's the reason we're pushing for that.

But yes.

continue to add new customers, new geographies.

This is how we diversify.

But we're really focused on the investment grade.

So I was around for that.

It was kind of how I got introduced into the investment world.

And let me tell you what I see is the big difference between the two.

So the fiber build, we're probably all happy that that happened because that enabled the entire digital economy that we have now.

But when they built the fiber, there was not the applications to fill up the fiber to make it used.

And then they needed the fiber to be used to generate revenue and to then have a profitable business and pay for that big capital investment.