re: to take a dive and yes it did.
This is a business that is performing o.k. at best. I agree with most that they should be going better given the current uptrend in retail stocks but as an income stock you can't go wrong. Don't kid yourself...at $1.18 (my buy target) it yields 8.05%. With current strong positive cashflows and continued profit, this yield is not in danger. I'm suprised that more investment mags don't have a buy for yield on it...they do on Telstra and it's yield is lower.
MRL Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held