NGNM: Thanks for beating me to the punch on this.
FWIW, my opinion about this upward guidance puts NGNM squarely back into the true "value" category. I have watched mgmt's execution plan including their initial buildout 3 years ago, with its phenomenal growth, through a string of 6 quarters where growth disappointed (down to about 10% YOY) largely due to a series of VP of sales hires who all underwhelmed in their execution, to this announcement, which comes atop of last quarter's upside surprise. I fully expect that growth here will overdeliver for at least the next 3-5 quarters and NGNM will see significant profitability in the second 1/2 of 2012.
The co. is close to being ready for NASDAQ small market listing, which will go a long way towards further recognition as a legitimate and tradable co. One personal sign of this (for me at least) is that my personal contact with Steve Jones, one of the co. principles and IR relations, has stopped communicating with me, suggesting that he has graduated from the need to visit with individual investors and is focused on the bigger picture.
JM2C,
AJ
