Anyone familiar with the 3 stores in North Melb. suburbs that they are referring to closing in August?
Things must be though. Balance sheet is going to take a hit, and still there has been strength in the share price. That is if you don't count the massive depreciation!
I'm looking at PBG, who have fared better bc they are small scale, less diversified, have benefited from online and specialty stores and will benefit further from MYR closing there own-brand stores. PBG balance sheet is getting healthier, and they have some good brands. They let go of Hard Yakka at the right time bc Aussies wont be needing work wear for a while if you believe we are in a recession.
What has MYR got going for it? Is it an imminent takeover target at these prices?
MYR Price at posting:
$1.48 Sentiment: Hold Disclosure: Held
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