Clearly Beardy you know very little about value/contrarian investing. There is a tried and tested method to the madness which actually over the long run performs better than almost all strategies out there.
I'll say it again - MYR is a classic contrarian value buy. It's a hated business in a hated industry. However it still generates massive sales, has a large network of stores and is still beleive it or not a profitable dividend paying business.
Yes - it is performing poorly in a poorly performing sector, yes it is a risky buy and if retail continues to decline in Australia for the next 10 years then it is in trouble.
Is MYR dead and a likely zero? No. Has it got so much bad news priced in that any glimmer of positivity will see its price rocket, yes.
Hope I've answered your questions.
MYR Price at posting:
64.3¢ Sentiment: Buy Disclosure: Held
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