A mature department store business attracts investment mainly for its dividend, so I consider your claim a bold one. 18-24 months of no dividend would see the share price at the end about where it is today. even with vigorous share buybacks.
I don't see the balance sheet needing that level of repair. MYR has already been re-capitalised and intangibles halved.
Perhaps you could enlighten us as to why you read things this way.
(I am not particularly a divvy-hunter)
Ash
ps. and I am bewildered about where the value goes when a shirt that costs $3 to make in Vietnam retails for $80.
MYR Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held
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