Just the beginning of the end. What a shame for once was a part...

Just the beginning of the end. What a shame for once was a part of many peoples lives . The writing was on the wall when private equity made the takeover , sold off many things which were unique to the MYER brand , cut staff numbers to the bone, sold off their real estate assets and then  refloated to the market for double what they paid.
I remember when there was an uproar on the  refloat  about allocation of new shares.
They now have this revolutionary turn around strategy to cull 100 brands from their portfolio, and do what?
A gamble , a hiding to nothing.
In my opinion the MYR share price will fall below the magic $1 level over the next 12 months.