Our large cap stock this week is Myer (ASX:MYR)

It has certainly been one of the best performers in my portfolio over the last six months, up 85% since June 2021.  

On this week’s upcoming episode (439), Tony says the reasons they scored highly include:

  • Strong financial health 
  • Flatlined for a long time but is now on its way back 
  • It’s a value play – price to operating cashflow is 1.9 times, very low
  • PE is 10, not a record low, but still a pretty good price to pay for a company of this size 
  • Negatives include negative net tangible assets, might be due to property sell offs 
  • Share price is currently less than our IV#2
  • Not a quality type company
  • Solomon Lew has built up a 10%+ stake, Tony thinks he will agitate for change, might make a play to control the company
  • QAV score is 0.19 – good for a company of this size

 

Please Note: 

Our recommendations are based on the share price as of the date of the download. If the share price changes, this will affect the QAV score and its ranking on our buy list, so please take price changes into account before making any investing decisions.

Please also note that this isn’t personal financial advice and you should consult a financial planner before making any investment decisions.

 

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The full scorecard is a spreadsheet that contains all of the stocks that got a positive QAV score for the week. This week’s scorecard contains 36 stocks, both large and small caps, that we think represent the best value investments of the week. 

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