Col, its just too hard to guess whats the future for Myer,
They need to change the game plan, 30% of the shares are held by holders with about 500 bucks worth of shares.
It means 30% of the holdings, the people havnt doubled down or loaded up. Thats a hell of alot of holders that dont want to add shares.
The obvious things need to happen, consolidate rents of shops into the store space etc.
The Question is, who has control of Myers future ?? Who ? They dont even have a CFO CEO etc.
Noone wants the Job unless its full pay not based on performance, If you take the job you lose all Cred for life if you dont fix it all.
Korda mentha would be looking at what Lew wants to pay for it, and Korda mentha will be trying to swindle a deal where Korda mentha gets 50 million bucks, Lew gets it for 150 million and shareholders get shafted.
Anything could happen, Im only guessing. Good , Bad or otherwise.
MYR Price at posting:
37.0¢ Sentiment: Hold Disclosure: Not Held
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