@Strawman loved the discussion of Myer on the pod. I would point out that the earnings are for the half year and probably the PE is more likely ~10 rather than 15 (nice if price could run a further 50%) although I acknowledge this could be a cycle top for retail.

I have started trimming as it is well above my valuation and risk tolerance of portfolio allocation but expect that it will run further as valuation demonstrates time and time again it is not a timing tool.

I think its right to be wary of thesis creep with this one especially with the new distribution centre and online growth if the narrative becomes bullish I will endeavour to continue to remind myself that this was a value pick and slowly average out.

Price seems to lead narrative so interesting to see what people start saying about myer.

I have to say, hats off on your Myer recommendation @EVplus -- an incredible return in such a short space of time. Well done!! Any other deep value tips?