NEA going gangbusters, page-24

Kogan had a hard run in the last 12 months, and it is now trading on a PE of over 190 ! Which is not exactly cheap or even fair value !

I won’t comment on the $180k difference between the 2 CEO salaries but these 2 companies are in radically different stages of their business life cycle (not to mention different industries).

Although no one can accurately predict exactly when Nearmap will break even and become profitable, but I know for sure, when it does, Nearmap will have a PE much less than 190!

I also believe the end state for Nearmap will be much higher than where Kogan will be. After all, it is much easier to grow a company when it is small, & it will be hard for anyone to imagine how Kogan can keep growing at a ridiculously high rate of 200% year after year.

Kogan is near it’s peak, so congratulations on your holdings, but you should really forget about the $180k difference in CEO salaries, sell your Kogan stocks and buy into Nearmap BIG TIME because this is where the action will be in the next couple of years.