The Company has over 1 billion in sales per year at 37% Margin
Thats like 4 billion in profit at the till over the next 10 years and the Mine will not be depleted.
Its not like a house that you buy once, its socks, jocks and shirts that you re buy again because you want the new fashion and holding a MYER bag is the thing some people like coming home with.
If you close 3 stores, how could that possibly not impact the total sales revenue of a Company.
The reports imply that closing 3 stores had nothing to do with them selling less stuff. BS.
Its a Planned down Ramp, The Fundies have had it shorted and they are all in the Club.
The CEO will squeeze it down to scratch the back of the Funds , Just like Gerry havey pretending he Hates the shorters , when He waits until they short heavy before he converts his dividends into more shares.
There will be a time in the future when MYR is Pumped up way beyond its true valuation and that will be so the fundies can unload stock and set shorts from the top of Mt Everest,
The Upwave hasnt started yet of course, But it will come.
The Company has just 140 million of debt and generates 400 million of Profits per year at the Cash register. The Down ramping of this stock is epic.
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