They are saying the IPO will be between $3.90-$4.90 for Myer. A company who targets the low to middle class, however there sales results aren't that spectacular. If they move upwards then I see more upside for DJS with a proven track record and stores in the right places
DJS is a quality company with quality management, that is why the share price is going up.
All the hype for Myer is helping DJS stick out much more as QUALITY.
DJS Price at posting:
$5.73 Sentiment: LT Buy Disclosure: Held