Thanks Kitty. I don't suggest a RE spree for MYR, that would be silly. If they can pick up own-use assets at bargain prices from time to time, they should seriously consider. The priority at the moment should be to use the fresh liquidity from the CR to full advantage in stock, marketing and store refurbishment.
The 'liability' stores you mention have been subject to all sorts of reviews from all directions, yet MYR still operates them. Clearly, management believes there is good room for a full-offering department store across Australia.
MYR has made very good profits in the past - and will again.
GLTA
MYR Price at posting:
$1.17 Sentiment: Buy Disclosure: Held
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