The upside from structural change is discount variety in my view is greater than factored in by the market.
Any buyer of the WHS /MRL discount combined DV businessed should value this improvement in industry dynamics highly.
Given the long and dissappointing performance from MRL and the strength of the apparel business I believe the stock is now attractive. (from previously being short on the stock above $1, some time ago)
I have also bought today.
MRL Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held