MYR 4.97% 84.5¢ myer holdings limited

A Contrarian Buy, page-57

  1. 3,555 Posts.
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    So far the MYR plan hasn't done wonders for the stock price or sales - however it also hasn't been a complete failure with pretty massive growth in online sales. Foot traffic is still down, but thats not surprising in a tough retail environment. U.S is a few years ahead of us, and Walmart for example have had some blockbuster results with changing the way they do things. So there are positives and there is certainly a catalyst for change and improvements to be made with respect to MYR foot traffic, sales and profitability.

    Additionally Solomon Lew is a bit of an X Factor and certainly someone not to be fobbed off as many are doing on this thread. Solomon Lew in his own words "knows retail" - if he makes a play for board seats or takes a bigger chunk of MYR then in the immortal words of Yazz from 1988 - "the only way is up".

    Ofcourse this is just my opinion and I dont care if anyone buys or sells on any of my posts...my thesis is rock solid and only time will tell who is right. But I'm near 100% conviction in my thesis.
 
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