Sure, 5% might be a 'modest' drop, but in light of this very statement, which speaks of the 'repairs they've been trying to make, it's particularly concerning: "Despite investing heavily in marketing and traffic-driving initiative"
Any business that invests heavily in these areas and actually sees its sales stall, yet alone decline, has got some serious headwinds to deal with. Not least of all, management.
I think there will be a few suitors crunching numbers for a potential takeover, though I'm not sure management would bow to an offer and admit 'defeat'
MYR Price at posting:
66.8¢ Sentiment: None Disclosure: Held
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