Excellent comment JayWin. The key for me was what another poster said a couple of years ago. Excellent companies dominate their market. Exceptional companies create their own market. NEA is creating its own market. It is lowering the cost for some businesses (such as solar installers) and enabling others to do things they couldn't before (such as the tax office and Dpt of social securities searching for fraud). NEA is expanding into new areas and it it is investing in rocket scientists to find more uses of its data.
So JayWin, my money is on NEA compounding its revenue and earnings over many, many years similar to other companies that created their own market (such as google and facebook). Sure there will be periods where the share prices runs ahead of itself and pullbacks. But I will be one of the long term holders.
NEA Price at posting:
$2.88 Sentiment: Buy Disclosure: Held
