it’s a given that Myer will underperform due to the covid situation. If Myer can continue to handle the covid situation well and generate a meaningful, yet probably lower, profit over the period then management would have succeeded in dealing with the situation.
All things aside people are getting very sick, sometimes fatally, it would be irresponsible of the government or Myer to put its customers and staff at further risk. The restrictions and sentiment of consumers is fair and warranted at this time. Let’s continue to have hope that Myer can make the best of this situation.
MYR Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
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