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.
Don't know about meme stock, but Myer is massively undervalued,...
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Last
82.5¢ |
Change
0.005(0.61%) |
Mkt cap ! $686.2M | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 84.0¢ | 79.0¢ | $1.555M | 1.891M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20169 | 81.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.5¢ | 70001 | 4 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MYR (ASX) Chart |