I've already talked about it in a separate thread but MYR looks like a perfect contrarian buy to me. So much bad news priced in along with absolutely horrid retail sales here in Aus.
The value of MYR is in the brand and the fact they are completely revamping the way they do business. When retail sales turns - and it eventually will - then MYR should do well. I value MYR at about a buck a share. But if they can get their online channel continually delivering bumper results them 1.40+ is certainly achievable in the next few years.
Agree with all comments though that more creativity is required from the board and management.
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