MYX – BUY: Heavily oversold on 11% CVM Score, PER is 2 SD low on 10.4x, heavily crowded short trade. Bruce Mathieson spent $5.5m buying 8m shares 2 weeks ago.
Share price is 40% below its EPS momentum trend, which usually implies further downgrades ahead but the 11% CVM Score (after being sub 10%) is a significant indicator of a material share price bounce.
Worth a look.
Big transaction values have been through MYX today
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