I find Myer a lot less risky than 90% of the market.
Revenues have been flat and consistent, with 1 - 5% variation and have not bee in constant decline.
Profits have been inconsistent, however the business has not turned a loss the past 3 years.
The business is not subject to a commodity price or FDA approval.
While you're right that it may not turn around any time soon, I really don't think there will be a run on Myer. I think competition has been much the same for the past decade and there are no new threats.
I can sleep sound at night holding this stock as there is underlying value there. Yes it has been a falling knife for most of this year, but purchasing stock at anything under $1.50 in my mind is good value.
I'm a long term holder and value investor and I certainly don't get caught up in week to week fluctuations.
- Forums
- ASX - By Stock
- MYR
- Opinions on future
Opinions on future, page-103
Featured News
Add MYR (ASX) to my watchlist
|
|||||
Last
79.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $661.3M |
Open | High | Low | Value | Volume |
80.0¢ | 80.0¢ | 78.0¢ | $635.7K | 806.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 31411 | 79.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
79.5¢ | 57534 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1 | 0.785 |
1 | 25000 | 0.780 |
2 | 30060 | 0.775 |
5 | 54434 | 0.770 |
1 | 7700 | 0.765 |
Price($) | Vol. | No. |
---|---|---|
0.760 | 240 | 1 |
0.780 | 10 | 1 |
0.795 | 40618 | 2 |
0.800 | 128230 | 7 |
0.805 | 10000 | 1 |
Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
Featured News
MYR (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO & MD
Anthony Noble
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online