I have followed the City Telecom story with a great deal of interest for many years, and have been fortunate to get to know NiQ Lai and to visit the company to see how it works. So I was pleased to stumble across this interview with Jim Cramer from late last year, following the release of the company's 2010 results - in which it blew the lights out. Cramer is a bit confused at a couple of points, but NiQ handles him graciously and is given the space to make his case very well. No sci-fi bullshit, no delusions of content-aggregation grandeur. Rather, an overtly stated love of over-the-top services, and an admission that offering the "fattest, dumbest pipe in town" is "kinda boring, but profitable." By the end of this year the company will end a decade-long build-out in Hong Kong, which appears ingenious in retrospect, but at the time it commenced, was well wide of industry consensus, and considered a suicidal act by some. The stock is nearly a "ten-bagger" over five years. Yet more proof, if it were needed, that consensus is often wrong.