Feb 23 NAN HYR, page-5

I was watching two analysts (senior) discussing NAN;s prospects. They were both quite negative.
The issue seemed to me the HIGH PE.
I ignore that for the following reasons:

1. NAN is investing for its future
2. The spending is expensed not capitalized.
3. I know just one other company that does this.................Technology One. (seems to have stopped now)
4. The issue for me is ..how to relate to this spending
5. If CORIS does not eventuate........then this spending is down the drain
6. If it does eventuate it is COMPANY TRANSFORMATIVE................it is late, but better late than never. What is one or two more years in the lifetime of a great company?
7. Patience is tough. All too often we bail out just before dawn
8. The management of NAN is clear eyed , courageous and able.
9. Building a massive HQ at North Ryde
10. COVID engraves on us the value of infection control for a generation at least.