Interesting comments from both sides of the fence. I believe the trend from here for MYR is up. The FF dividend puts a floor under the share price - where that floor is I am not sure but possible around $2.00 - 2.05.
The challende for MYR is to accept was is happening in their market space ( i.e. 'the rise of internet sales'), understand what others are doing to address that, look at what is working (profitably) for other retailers and make the changes necessary. MYR is a little bit like a battleship - very slow to change direction. It needs to stop trying to defend its territory but rather - if you can't beat them, join them. I believe it needs to develop a sophisticated separate on-line sales division. As I see it MYR is presently only playing in that field - it needs to get real. I am sure Lew can see this need.
I believe that Lew can see an opportunity and here is one begging to be given new life, a change rather than "same old same old". Lew may not be interested in MYR but you can bet your bottom dollar that he is watching closely - very very closely.
MYR Price at posting:
$2.18 Sentiment: Hold Disclosure: Held
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