First of all i recommend you read "The Acquirers Multiple" by Tobias Carlisle as to why someone (myself included) might invest in MYR. I was in at 70 cents - perhaps a little early but it looked cheap then and it looks ridiculously cheap now hence why ill be buying more on the dip ( if i can).
The retail sector is a hated industry and MYR is a hated stock in this hated industry. Industries and stocks mean revert. That is fact. Why they do this is summed up well in this book and many others. Retail stocks have in the U.S mean reverted already to the upside. With good gains made.
MYR is still a profitable business, you need only look at the latest financials to see this - additionally sales have not nearly declined by as much as many think and considering how shit service is in MYR stores and how poorly designed most stores are it suggests retail know-how and a good shake might drastically improve sales and the bottom line for the business.
I could go on. But I'm sleepy. But my main point is if you don't understand the value prop you're not looking hard enough.
MYR Price at posting:
48.0¢ Sentiment: Buy Disclosure: Held
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