Certainly a worthwhile thought although for MYR I think it isn't realistic to be looking at re-aquiring realestate, wrong point of the cycle by a long shot IMO.
I hold shares in HVN partially for that reason.
Regarding leases being liabilities I would suggest thinking about assets and liabilities a little differently.
For a store that doesn't make a profit of course it's a liability but what about the highly profitable stores?
Clearly not a liability is it?
We really need to see some bold action regarding stores that ARE liabilities.
That's where the value of the leases will start to become apparent, I highly suggest studying the history of HVN and the last 5 odd years of reports, really interesting reading(I'm sooo boring)
MYR Price at posting:
$1.14 Sentiment: Buy Disclosure: Held
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