Remember when DJS had the take over, DJS bottomed out at $1.30 or so,
But it ended up being taken over at about 3.75 I think.
I usually sell Covered calls on myr, but if there was a TO, I would just get assigned on the call at 1.40c.
The current price 1.25, dosnt factor in the true value of the Business, Retail is sluggish, but not everyone in Australia wants to wear K-mart Clothes, The affluence of the City dwellers lures them to pay bigger prices for labels from stores like MYR.
MYR may not be the right fit for outer suburbs lower middle class, but future with good direction of the Business should grow from here.
MYR Price at posting:
$1.25 Sentiment: Buy Disclosure: Held
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