It's true myx is in a period of earnings uncertainty but the point that gets missed here is not the earnings impact but the impact of sentiment on PE.
Personally I have taken the approach of assuming weaker EPS this year (6c ) and growing very slowly in future years. The question is assuming even this case is a Forward PE of only 11 appropriate.
The reality is that the market has completely wiped off the entire value of the generics acquisition and this i feel is extreme to say the least . Before the generics acquisition MYX was trading on a PE of 25 due to the high growth of its other business. This growth continues therefore I think a Forward PE of 13-15 is warranted which would suggest a price of 78-90 as more appropriate . Sentiment is a powerful factor and the secret is to buy when this is low of one thinks the underlying business trades at a discount
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Last
$4.71 |
Change
0.070(1.51%) |
Mkt cap ! $400.7M |
Open | High | Low | Value | Volume |
$4.67 | $4.75 | $4.62 | $953.1K | 203.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1236 | $4.71 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.72 | 620 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1236 | 4.710 |
1 | 13000 | 4.700 |
1 | 190 | 4.690 |
2 | 190 | 4.680 |
1 | 190 | 4.670 |
Price($) | Vol. | No. |
---|---|---|
4.730 | 190 | 1 |
4.740 | 190 | 1 |
4.750 | 115 | 1 |
4.760 | 188 | 1 |
4.770 | 188 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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