In regards to the risk of Myer going into Liquidation etc. I say...

In regards to the risk of Myer going into Liquidation etc. I say no chance

The Company said in last announcement that H1 2018 was going to have a net profit of 37m - 41m

The market cap is just 450m , with 6 months net profit at 41m

Lew wouldnt have Dug in 100 Million bucks if he thought it would go to zip all.

Id say that lew has several reasons, one being to supply more product to myer from premier.

And also mabe to one day have a controlling stake, right now another 40% would cost 160 million at this price.

So If Lew crunches numbers , he would be drooling to be able to have 51% with an extra investment of just 160 Million.

The reality is that for Lew to buy that 40% he may be able to buy that on market boosting the price to about 80c - 1.20c so then would cost more like another 300 million to have the 51%.

Im not expecting any fast turn around, but at 50c or so I think its good value and also probably a bit more stable long term then many believe.