I thought I did another post yesterday, but it hasn't...

I thought I did another post yesterday, but it hasn't appeared...

Re recent announcements from Myer, I have 2 comments:

1. Myer chairman seems to blame Lew for Myer's poor result. This is just breast beating I would say (22/11/2018).

2. Mention of possible dividend just before AGM is not likely to fool shareholders that they can expect one soon (26/11/2018). What does this statement really mean: " Under the facility, we have further confidence and ability to set our strategic direction, including paying dividends when we meet financial covenants and it is prudent to do so..." ? Is it saying that borrowing more will make it easier to pay dividends? Shouldn't making good profits be the way to go in order to pay dividends?

I am all for giving a fair chance to MYR management and directors. But I believe they have had that chance for years now, and have squandered it. Lew may not necessarily be the answer, but " do nothing" hasn't worked either.