Nice to see some positive press today for Myer...first time I can recall anything from the press, suggestng that MYR is a buy. See link below..
...... Including this Quote from todays story
"But on one point all opinions merge the stock is trading at a sufficiently large discount to other retail companies that it deserves something of a price re-rating."
The next month or so, does look to be a real sweet spot for the companies shareprice.
In addition to some other points presented in postings here ...the company will announce a half year dividend in Jan of about 12 cents...(ex date late January). Its on a fully franked yield of 7%.
As I mentioned in a previous posting....there still may be somewhat a stock squeeze, as funds manager are forced to buy the stock, when Myer is included in S&P indexes...its pretty obvious that MYR will go nto the 200 next time...funds managers realis this (well lets hope they can work that out).
I think the company can above its IPO price of $4.10 prior to it going ex dividend. ets wait and see....accordingly, suggest it is a buy now.
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)