Well said: "Management are so old and out of touch its ridiculous. They need a CEO with Balls who is willing to make the tough decisions to cut expenses and not appease the executives pockets."
MYR has been a train smash in slow motion for many years now. This latest announcement has to one of the most bleak retail outlook statements of all time.
MYR has been poorly advised for many years. They have a history of failing to act in any strategic way. MYR reminds me of FXJ. The rest of the world evolved and yet they too kept doing the same thing badly with hubris (save for DMH) until the business eventually grinds itself into the ground.
MYR Price at posting:
58.5¢ Sentiment: Sell Disclosure: Not Held
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