Don't know about meme stock, but Myer is massively undervalued, they're FCF postive, have 250million in cash. Growing their e-commerce section YoY by 77%. E-commerce makes up over a fifth of their sales.
Much like GameStop, the narrative is that brick and mortar is dead, and Myer is hanging on a knife's egde. But those who did deeper see the value and massive upside. A company with no debt, rarely goes bankrupt.
An Aussie Meme Stock?, page-3
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Last
98.0¢ |
Change
0.010(1.03%) |
Mkt cap ! $820.8M | |||
| Open | High | Low | Value | Volume |
| 96.5¢ | 98.0¢ | 94.5¢ | $1.060M | 1.084M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1100 | 97.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 98.0¢ | 27787 | 3 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| MYR (ASX) Chart |