I agree with your sentiment In2win! Like him or not, Solly Lew knows retail in Australia - when he is prepared to do a 3% creep at $0.66 and I can buy at sub $0.60 I feel quite good. My initial entry point was $0.57 & I picked up the massive 1c div, I am going to look at topping up in the $0.55 - $0.60 band. In the short term we could well see the price drop below this band considering the general economic malaise & its potential impact on higher end retail, if so I will likely top up some more. In the medium term (1 - 2 years) I can well see MYR regaining & surpassing the $1 level especially if Solly decides to take a full tilt at it which is not beyond the realms of possibilities. If it does I will happily pocket a tidy profit & move on. The above is just my own thoughts/ramblings so take it with a hefty pinch of salt. Good luck to all
MYR Price at posting:
58.5¢ Sentiment: Buy Disclosure: Held
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