Large Cap Stock Of The Week: MYR

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.