To compare Myer with someone like JB HiFi is not really fair on...

To compare Myer with someone like JB HiFi is not really fair on either. The only thing they have in common is they sell retail. One made a profit of just $35m (on $3.1b in declining sales, the other $233m (on $6.8b in increasing sales). But if you want to compare, then you can see why JB HiFi is worth so much more than Myer.

Well, it would be good, if were actually true. According to the ABS, monthly retail sales are around $26b per month, so over $312b. So you are off by almost a factor of 3.

I agree that they have addressed some of their debt issues, but this is still not going to disappear anytime soon. It is a big ship to turn around, but the new guy at the helm is trying to get things going. But lets not forget that the previous management put together a very impressive looking presentation and plan, but this was thrown out before the year done.

The next six months will tell the story of MYR. They need to turn around sales (no more decreasing revenue) and keep on reducing costs. But I fear that in the current retail environment increasing sales will be very tough to do and you can only decrease your fixed costs so far.

I still am very cautious with MYR (I expect the share price will bounce around a bit) and I just see much better options to put my money right now.