Paul Zahra is a company man, I believe, just like the new head of Woolies was chosen from the ranks. It's hard to know just how much damage the old CEO did to DJ's reputation, and what kind of share price declines it led to. From what I can see, PZ has saisd very little aboiut MMcI, but has had a lot said about him.
for a 40% downgrade, a 15% share price loss is not so bad. From what I have seen, the downgrade % is often similar to the share price loss %. The dividend is probably helping keep the SP at a level. After the dividend is paid out, it will show the real market effect, imo. Will MYER and DJS share price cross over?
DJS Price at posting:
$2.40 Sentiment: None Disclosure: Not Held