MYE seems to have a great order book, PE of just under 12, rapidly growing earnings? So why are the directors selling some of their stakes?
MYE is in the coal industry, and even though there are a lot of ppl dreaming of opening new mines, not all of them are going to start. MYE may have a good second half FY12 , but is this a good long term investment?
Roger Montgomery has also provided an interesting opinion recently.
http://blog.rogermontgomery.com/is-this-company-a-master-of-the-mine/
is this company overvalued?
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