The Yield is still strong, Franked Dividends of 8.7c a share is like 12.4c of gross income per share to the investor, thats over 10% at these levels.
Add yourself a Call Option, buy write, buying stock and selling a Call at a higher price for another 5 cents per month and you have a great Yield Play.
They are 20% short on this Stock, any bump and they all have to buy back in 20% of the listed shares.
MYR wont go away, The Company earns Money, Look at the Prices for a Shirt made in China , the 20% of shares have to be bought back someday. Plus they cant short much more than the current 20%, they are all shorted out, Mabe to 22% but thats it.
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