Premier starts move against Myer board, page-9

Clearly Beardy you know very little about value/contrarian investing. There is a tried and tested method to the madness which actually over the long run performs better than almost all strategies out there.

I'll say it again - MYR is a classic contrarian value buy. It's a hated business in a hated industry. However it still generates massive sales, has a large network of stores and is still beleive it or not a profitable dividend paying business.

Yes - it is performing poorly in a poorly performing sector, yes it is a risky buy and if retail continues to decline in Australia for the next 10 years then it is in trouble.

Is MYR dead and a likely zero? No. Has it got so much bad news priced in that any glimmer of positivity will see its price rocket, yes.

Hope I've answered your questions.