Some insight from the AFR:
1. "David Jones took advantage of Myers difficulty some years ago to stitch up exclusive brands and position themselves at the top end of the market...I think their customers will be buying through thick and thin."
2. The article goes on saying he (Mr Patterson) althouh a DJS shareholder for more than 5 years, has not ruled out investing in Myer, but does not believe now is the right time to buy.
3. "We did not buy into the IPO because we had some concerns about buying from private equity. They generally take a lot of the upside - otherwise why would they sell?"
4. MYR generates sales of $4213 per square metre, compared with DJS's $4830.
sign of the times, page-8
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