We can discuss about is NEM better than ETH technologically but you can't say NEM is cheap. Look at its graphic and say it again.
I agree that NEM has gone up a lot, but nothing compared the increase in ETH's price.
I'm not an expert, but perhaps NEM has an edge in Asia?
I'm thankful for NEM profits, but it was more of a TA / FA move, not a belief it was an ETH killer.
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NEM has made more than 16000x (counting from 2$) and more than 2000x (counting from 0.4$) !!! for 2 years
http://take.ms/OgaUG - here is the price in 2016 (January)