Good luck to you.
However that low market cap itself is a concern when you look at the inventory, goodwill and intangibles. Note they have not impaired the myer goodwill. There is no way that is worth what it was. Add to this the long term leases and just closing up some of these stores is not going to be straightforward.
The only reason this is not crashing is Solomon Lew. However, relying on hopes and prayers does not make a sound investment. I have just learnt that with Oroton.
MYR Price at posting:
64.5¢ Sentiment: None Disclosure: Not Held
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