Not really just trading it. Its not an investment , traded it multiple times so far with success. Holding some atm with a tight stop loss. Some would think im on the trapeze without a net. Im intrigued Wilson Asset managment with 7.7% holding isnt concerned enough to sell .
One of the largest shareholders in struggling department store Myer has said it would "make sense" for the retailer to use the coronavirus shutdown as an opportunity to permanently shutter or shrink more stores across the country.
Myer spokesperson said there was no immediate risk to the company's covenants and the business was "engaging in ongoing discussions" with landlords to manage costs. The company said it had also seen "considerable growth" across its online store.
MYR Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held
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