The shorts are pumped with the terrible results from perennial loser MYR last week. After a 20% belting we think the price is now fair ($2) given the outlook and cant see a heap of downside at 11 x FY15 NPAT. We took a hit after buying at $2.25 hoping that strong retail sales would flow through to the old girl. Apparently MYR just isnt getting its share of sales. Having shopped there last week and needing a compass to find a salesperson willing to help, I can understand why. A lot of old boilers standing around nattering about their latest pokie win as a smattering of bemused customers wandered around questioning if the store was even open - such was the scarcity of people and staff. When will these dinosaurs learn?

Solly Lew could do worse than make a play with sentiment this bad. That said, the shorts are playing a crowded trade (close to 12% short) and any positive news or market whispers of a suitor will bring about plenty of covering so maybe a reasonable if close to its nadir.

Poor old Bernie Brookes cant take a trick and his consistent promises of next year being better haven't panned out and the market's lost patience.

No weekend to be had at Bernie's but we think he should take an extended one.