Exchange rate recovered and pushed above 70c Job Keeper for 10,000 employees! One of the biggest beneficiaries on the ASX, especially with how retail sales have recovered. They would be laughing Interest rates down. Finance costs have decreased enormously over the years. They’ll refinance soon too. No net debt. Perfect timing with store closures in recent years and focus on the balance sheet. Improved position with landlords. Landlords are cornered Uncertainties are minimal now. Coronavirus risks/impacts. Government support. Success with their online business ETC
The stage is set. The shorters know this.. closing their positions as they know it’s inevitable. The stock price is due for correction. The doomsday scenario will not happen.
MYR Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
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