I think anyone with half a brain can answer this question.
The market gets it wrong when the financials/fundamentals go in one direction, and the stock price in the other.
In MYX's case, both the financials/fundamentals and the stockprice are heading in the same direction, that is, clearly down. Anyone with a basic understanding of how to read financial statements should come to this conclusion.
I suspect that the upcoming financials will confirm the deteriating business fundamentals, and a new leg down for the stockprice shall ensue. Keep a look out out for impairments and write downs of intagibles - the majority of MYX's book value come from intangibles. I've got nothing wrong with intangibles, so long as they provide reasonable returns. When intangibles don't do so, then they are worthless. In MYX's case, since a large majority of their book value rest in intangibles, one must ask the question as to the true intrinsic value of the business.
IMO, DYOR.
MYX Price at posting:
29.5¢ Sentiment: None Disclosure: Not Held
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