Lots of down ramping going on. I'll try and balance the ledger and show a bit of love to MYR A few fundamentals based on Septembers EOY report. there is an assumption I'm making that Myer strike the right balance between online and physical retail - I think they have a distinct advantage in this space over their competitors if they get the balance right. Free operating cashflow generating $115M and transitioning to a online presence, most online companies are making sweet FA btw. Net debt to EBITDA 27% and reducing. EBITDA of $160M. Current Market Cap $398M. Using a earnings multiple of 4 for bricks and mortar business $640M. Or using a online business multiple of 8 $1.28B. Once the Algo boy's see the momentum change direction this will fly IMO, well north of the 70 cents. DYOR
MYR Price at posting:
49.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)