pumped and dumped?, page-7

Roger Montgomery has recently valued Myer at $2.39 for 2011, going to $2.59 for 2012, and $3.01 for 2013.

http://blog.rogermontgomery.com/media-room/podcasts/

Go to June 15 podcast, Myer is about half way through.

This valuation makes sense, from the initial post on this thread: RM said MYR should have floated at $2.90. We have had a downgrade, and MYR is getting close to his value now, although @ $2.59, it's still overvalued for this year, and is trading @ next year's value. Of course, if we have another downgrade, all values will change, and Sol Lew will probably pick up MYR for a song, because I've read he likes picking up distressed assets.

I haven't followed RM much, but I have an interest in MYR, and the $2.39 figure is one to keep an eye on. No point referencing MYR from its around $4 float price, because it was always overpriced. So, $2.90 value down to $2.59 current price and $2.39 as a buy. I don't know if it would go down that low without a downgrade, at which point the dividend might fall to cover earnings issues, and sentiment would'nt then help the share price regardless.