How to get the value of a select item in Mootools

I'm trying to get the value (not literally, I mean the text in-between the option tags inside the select) from a drop-down using Mootools and it is proving to be difficult. God I hate Mootools, but it is being used in a project I am working on.

The value I need has to be from the currently selected option. Your help is appreciated, thank you.
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Hi Dwayn..,
It's simple, you just need to know the required event.

Below is an example of mootools getting the value when an option is selected.

<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "">
<html xmlns="" >
    <title>Mootools Example</title>
    <script type="text/javascript" src=""></script>
    <script type="text/javascript">
        window.addEvent( 'domready', function() {
            $('drop-down').addEvent( 'change', function getValue() {
                var value = this.get('value'); //Returns the myInput element's value.

    <select id="drop-down">
        <option value="Value 1">Value 1</option>
        <option value="Value 2">Value 2</option>
        <option value="Value 3">Value 3</option>
        <option value="Value 4">Value 4</option>

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Avinash ZalaWeb ExpertCommented:
Try attached code:

    var selectedValue = elem.get('value');

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dwaynecharringtonAuthor Commented:
Thank you for your help guys.
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