Jamarco, had you cared to look you may have seen that I hold MYX - as it happens in both my personal and my SMSF accounts. They are between 30% and 45% in the red at present, so I am not celebrating.
What I am doing, is calling out the cheer brigade, who ignored some of the fundamentals and trends in the US. The call was $2 by Christmas, and others calling $1 by Christmas. The fact is that MYX made a few lousy million in PAT at it's last report, once depreciation was accounted for. It has around 1.5 billion shares on issue, so what is the earnings per share on that, and how much does it need to increase to justify a share price of $1, or $2?
MYX management seem to have strong credentials - which probably means that they are able to make good strategic decisions, which should bear fruit in the medium to long term.
However, the cheer brigade has been irrational to my way of thinking, so I decided to call it out.
No offence was intended, although I might have known the response I might get. Have a great evening.
MYX Price at posting:
56.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)