$2.40 might get it over the line but I for one are not keen on selling even at that price. I see much more upside. "never turned a profit" is a furphy. NEA is clearly a growth stock that is consciously focusing on expanding rather than short term profitability. The litigation is likely a red herring with it unlikely to have any material impact. Why should not NEA be worth $2 B when it completes its NA expansion and Hypercamera3 is fully implemented?
Ask yourself why are ThomaBravo interested in buying? Their track record suggests they are not fools.
NEA Price at posting:
$2.07 Sentiment: Buy Disclosure: Held
