You must be a new investor who did not go through the GFC. This is not yet even a technical correction let alone a selloff. Expect that sometime in the next 18 months, no one can predict the timing. In a market selloff this could get beaten up very badly. In addition, Tech in general is on the nose so MYD is not alone.
The way I see it, there are some positives. Business is growing. They have adequate cash so a cap raise not needed for a while. Management has a lot of skin in the game and will push this in the right direction. Due to the large promoter holdings and low% in the market, skittish investors possibly create an exaggerated effect on the price. However, any change in profitability and this could jump rather sharply.
I guess longer term investors like me will just have to accept the short term pain.
MYD Price at posting:
63.0¢ Sentiment: Hold Disclosure: Held