I purchased at .25c recently and can't be overjoyed at the fall in value of my tepid investment, but am happy to hold for LT, i trust in Myer's ability to adjust its business taking expert on advice and partnerships to survive the covid storm and retail challenges and see better days. The reaction to the news this morning was reasonable, it was not great results that we read but not devastating by far. The new untried yet Amazon partnership will assist and the BNPL platforms have likely assisted shoppers in making retail purchasers. In fact the BNPL trend is over heated and defaults and bankruptcies will further bust the bubble in those companies when their customers default and they can't collect payments etc.. I would rather be invested in Myer who directly benefits as a retailer from these payment platforms than the BNPL stocks who will suffer defaults and losses.
MYR Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)