One day after the results and the stock pickers always make their media recommendations after they've looked things over.
What can one say? No secrets anymore, which is way better than fear-based avoidance of the potentially worst outcomes. It seems MYR have been doing some strategic changes, such as knocking off whitegoods and electronics- that is smart. Can't say I am buying yet, because I am still buying the high risk/reward stocks (which usually have more risk than reward), but MYR is looking good, imo. The dividend is a cracker.
Legume said:
"If I have 10000 MYR shares say now returning 10%, the next year I have 11000 MYR shares say now returning 10%, the next year I have 12100 MYR share still returning 10%..."
Legume, I can't see anywhere that MYR has a dividend reinvestment plan (do they?) If they don't, you are not getting more shares at dividend time, just cash.
MYR Price at posting:
$2.08 Sentiment: None Disclosure: Not Held
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