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.
MYR Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held
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