The extra weekend pre Christmas is a huge thing when you are Comparing Statistics, it means there is 25% more weekends pre Chistmas in December. This could twist the numbers in forming statistical comparisons.
So you have a Monday Christmas and then a Tuesday Boxing Day.
Compared to if Christmas Day was a Saturday, then a Sunday as Boxing day.
Last year 2016 Christmas was Sunday.
2015 Christmas Day was Friday.
When you are fishing for 2% difference, an extra day could be notable.
Westfield have sold out to a French Buyer, so Id expect MYR to be putting the squeeze on the new Landlord.
Basic numbers are that Myer will churn around 400 million in profits at its cash registers every year ongoing.
Its not like a Mine that gets good sales one year and can have a 40% pullback the next year in the price they must take for their produce.
Also the Mine isnt getting depleted. If anything those you are mining are growing in numbers.
AUD at around 76c , Id expect the AUD to rise over the next few years closer to the USD and that will lower the imported costs of product MYR buys by 30% or so.
The Cycle is at its low for several aligning reasons, Myer will have price swings and be ready for 30% or 50% even either way
MYR Price at posting:
65.0¢ Sentiment: Buy Disclosure: Held
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