I hurled $71,894.56 at NEA earlier this year, and watched that value shrink drastically for reasons with which I did not agree. I am glad to say that I broke even recently, and at $2.46, I am up a bit ($5,511.60). I have my gripes about NEA, but fundamentally I like the space it occupies, and I see a great future for the stock.
One of the gripes I have, and which I have vented before, is that Management keep on awarding themselves options to do no more than what one would expect a well-paid executive to do. I notice more options were recently exercised, and hence shares issued that dilution the holdings of mug shareholders. To give employees an incentive is one thing, but to give oneself generous incentives is, in my book, unethical.
Covid-19, like the Spanish Flu in 1918-1919, will pass, and the roaring 20s soon followed. The USA has much deeper problems than Covid-19, so we are unlikely to see a repeat of the roaring 1920s in the 2020s. When NEA has settled its business down in North America, it still has the rest of the world to conquer, so it should have a long runway.
NEA Price at posting:
$2.44 Sentiment: Buy Disclosure: Held
