NEA is another billion $ Tech stock. 25% debt losing significant money YOY and expecting to continue into 2023 with significant losses. It brought it’s results forward yesterday and announced due to relentless misinformation being spread by the shorts. Result 19% surge yesterday after the company discredited every lie spread by the shorts. I only hold EVS but I do like to compare EVS to other Tech stocks in regards to debt, financial losses and the all important expectations of its earnings potential. It helps reinforce for me that EVS, should it achieve it’s objectives over the next couple of years, that it is going to be re-rated by the market at some stage. One thing I like about EVS is the incentive program for the CEO in regards to shares remuneration. He is incentivised at 50c, 75c and 100 cents if the share price holds at that price for 30 days for anyone who isn’t already aware. That says to me that this company is dead serious about non short term incentives and holds the bar at very reasonable potentially achievable growth targets going forwards. Even if just the lowest base is achieved and maintained that’s a 300% on paper return at these prices that I will be very happy to sit back on. Nice to see just the beginning of a price uptick yesterday.
EVS Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
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