I'm waiting for the DJIA/S&P500 to suffer a sharp correction before coming in on bluechip utilities like MRP. I like the stock and the buyback will no doubt lift the shareprice at some point, but Equity markets have had such a climb lately, they are looking easily spooked. Note this week's impact of the DJIA and S&P 500 running out of steam on the ASX, and that's with a falling Aussie $.
I'll be buying when global market sentiment takes MRP below $2.