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.
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I find Myer a lot less risky than 90% of the market. Revenues...
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Last
82.5¢ |
Change
0.050(6.45%) |
Mkt cap ! $686.2M |
Open | High | Low | Value | Volume |
77.5¢ | 83.0¢ | 77.0¢ | $4.439M | 5.489M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 23187 | 82.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
82.5¢ | 205907 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 23187 | 0.820 |
4 | 49689 | 0.810 |
1 | 22534 | 0.805 |
2 | 16329 | 0.790 |
1 | 1510 | 0.780 |
Price($) | Vol. | No. |
---|---|---|
0.825 | 205907 | 10 |
0.830 | 72401 | 8 |
0.835 | 105256 | 5 |
0.840 | 164164 | 8 |
0.845 | 131591 | 4 |
Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
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MYR (ASX) Chart |