1. Yes of course
2. Harder to answer of course. However at the moment the NEA ACV stands at $47 million. Its safe I believe to assume that they will continue to grow that over the course of this year and should be nearing $60mil mark this time next year. For the worst case, if it slows after that they may never get past $70mil annual revenue. But that wouldn't hurt too much in my opinion compared to todays market cap of $230 mil - and it is a worst case. Upside begins from that base for me at the moment.
As I said I think that the SP downgrade following this report was warranted. I still hold though.
NEA Price at posting:
59.8¢ Sentiment: Hold Disclosure: Held
