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
78.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $652.9M |
Open | High | Low | Value | Volume |
79.0¢ | 79.0¢ | 77.8¢ | $497.1K | 633.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25468 | 78.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
79.0¢ | 3000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25468 | 0.785 |
1 | 7692 | 0.780 |
1 | 7692 | 0.775 |
4 | 43940 | 0.770 |
3 | 10145 | 0.765 |
Price($) | Vol. | No. |
---|---|---|
0.790 | 3000 | 1 |
0.795 | 39129 | 7 |
0.800 | 153922 | 14 |
0.805 | 58947 | 5 |
0.810 | 86235 | 5 |
Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
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