Haven't seen you posted for a while, actually really like your post this time. Was just looking at Myer not long yesterday, I looked more into its cash flow. Despite decrease in sales and profit, it's operating cash flow was ~180' I think? Comparing with a market value of ~350m, myer seems to be less and less expensive as price drops. MBO and Sol take over are all in possibilities, can't be sure if Sol has accumulated any shares recently, but Myer is a take over target for sure at ~0.3 region. With current shorts, Sol wouldn't want to make a fuss if he accumulates. Fundamental wise MYER has not improved in numbers, online sales is one highlight, but they really should've built a distribution center years ago, if they want to excel in online sales. As much as I protested against a buy sentiment, I do not think at current it's a sell sentiment either. good luck chippy
MYR Price at posting:
39.3¢ Sentiment: Hold Disclosure: Not Held
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good luck chippy
(20min delay)