Last c.r was near 1buck...the beauty about these plays that the trend changes...internet sales will increase and then cut another 12 stores and things can turn around...60 percent held by the top 20 so they are all bleeding
For sure risk is in any investment so stagger buys no rush to throw kitchen sink at it....c.r imo wont do much 40percent increase internet sales is good get a few years like that with reducing shops and changing it up like in preso and sort of hard to ignore it as a decent buy but really its out of ones hand
Seriously l would even go to the point of cutting floorspace and setting up storage solutions for other smaller retailers to keep stock if need be
In the end only time will tell and everyone has a different opinion which is the way the market works...some stocks mentioned yesterday that l had a brief look at l would short but could be way wrong so be kind remember myers employs a decent amount of aussie workers and hope that things will change
From my perspective its a buy but with a measured approach
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