Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-3

Temple and Webster are the same space and business model as us and they are trading at 80+ times PE.
Their EBITDA $20.5m which is crazy for a business with a MC of over 1.4 billion.
MYD had gross revenue of $218.1 million. MC 161 million
TPW had gross revenue of $326.3 million. MC over 1.4 BILLION
MYD compared to TPW is very undervalued.
MYD also has barely used any of the capital set aside for advertising and growth and we already have similar numbers in customer base.
I have high hopes that Ryan Gracie with all his years of experience with some of the biggest retailers in australia, helps grow this to the business it should be.

I will hold onto my shares and wait for the correction it deserves.