The fear is that the company will go bankrupt. Ignoring that is "pure genius". This is a seasonal company. While this crisis is hitting in the low season, we don't know what the impairment to assets and the cash-burn will be. ($140m of current lease liabilities) The reduction in cash is normally $100m over 2H. Also, intangibles are higher than equity. Not a good sign.
MYR Price at posting:
14.0¢ Sentiment: Sell Disclosure: Not Held
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