Livewire Markets' 'Buy, Hold, Sell' - Two fundies both rating NEA as a sell even at its current share price due to:

• Sustainability of spending to grow marketshare in the USA
• Concerns about growing competition from other players and the spectre of a big player, like Google, entering the space

Jun Bei Liu from Tribeca Investment Partners makes a couple of interesting points when she says that the quality of the product is probably worth a SP of ~$1, and that the company is priced as if it doesn't have any competitors but it does.

(2:33) https://youtu.be/1VHsVRfuANo