Again the claim that this business has never looked like making a profit and looks unlikely to be profitable in the near future needs to be challenged.. The ANZ business is profitable and the only reason the NA business is yet to make a profit is that it is in a rapid expansion mode using some of the last CR as intended. We are also ignnoring the potential of Hpyercamera3 on profitability. I bought into a growth story and yes if the takeover succeeds I will make a handsome profit. However I am patient and believe a price more like $4 would be fair.
NEA Price at posting:
$1.95 Sentiment: Buy Disclosure: Held
