re:"What am I missing?"
Drill results.
Going all in (kid's college money,etc.) is bad investment advice at present. Without the drill results to prove up the ounces they are tossing around, you have to be prepared to accept the "lousy" as well as the possible "dream".
At any rate,I am in and long, prepared( can lose it without risking the kid's future) to wait for results come what may but betting on the knowledge and commitment to date and excellent management team.