Yep CSL is a big clever player with an absolute monopoly and unchallengeable currently Silverchair. That’s why their share price is 600+ times MYX’s. Great management, communication and YOY growth. I’m definitely with you on the next leg down. Massive global debt will take a couple of years to fully unwind. The weak and debt laden will go bust and the transfer of wealth will begin. Likely to see that in Aus as the Job keeper unwinds in September and the overly indebted are forced into P and I loans when IO loans reset. Aus is about to cop a nasty dose of unprecedented unemployment that hasn’t seen for an eternity. Aus is in for a terrible reality check unfortunately and many have their heads firmly buried in the sand. It’s like ignoring a category 5 cyclone warning from the BOM. Reminds me of the sub prime reset in the GFC and we know how that ended. Hopefully MYX sees the need to pay down its debt and has learnt something here. A TO would be a gamble. Suspect if it was going to happen it already would have. CSL could buy out MYX with the loose change in its back pocket! Good luck and enjoy the roller coaster!
MYX Price at posting:
44.0¢ Sentiment: None Disclosure: Not Held
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