MYER HOLDINGS LIMITED - ASX: MYR

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ASX investor profile picture
ShareShack user name hidden until logged in November 16
Myer looks like it’s had its day. An outdated business model. What does that say about the retail sector in general? Should one invest in it all? What about other sectors in a potential Australian recession?

http://www.afr.com/brand/rear-window/leaked-docs-myer-sales-continue-their-collapse-20181115-h17y1l?btis
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ShareShack user name hidden until logged in August 06
Here's the list of volume spike trades of interest in today's scan (for trading day ending 06-Aug-2018):

AGY, AJQ, ALF, BID, BKI, FXL, HMX, LNG, MYR, RLE, SEK, ZEN

Personal disclosure - No direct positions thus far in these companies.
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ShareShack user name hidden until logged in April 24
Myer has just hired a very successful retail CEO from the United Kingdom.

A lot of people are sceptical whether the challenges Myer faces are too great even for him to fix.

The big question in my mind however is whether what's happened to Myer will eventually happen to the rest of the retail sector- for instance to companies like JB Hi Fi and Harvey Norman?

Ultimately everything you can buy in them can be bought on-line for cheaper.

The question therefore, is whether the bricks and mortar retail sector of the future is going to be limited to specialty stores that one can't experience on-line?

This would not be good for any of traditional retailers. Not just department stores like Myer who are being impacted by it now.

https://www.smh.com.au/business/companies/new-myer-boss-has-successful-legacy-in-the-uk-but-faces-major-challenge-20180423-p4zb8y.html
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ShareShack user name hidden until logged in March 26
My view is Myer can't go out of business. Only one of two department stores in this country. I don't think the department store is dead. They continue to operate successfully overseas. They're just worth less. I reckon Myer is a good one to watch as a value buy at some point. Just not sure when....

https://www.smh.com.au/business/companies/myer-super-sale-special-poisoned-chalice-going-cheap-20180325-p4z65q.html
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ShareShack user name hidden until logged in March 21
Myer appears clueless what to do and a train wreck in slow motion under current Board. Got to think Solomon Lew will be successful in clearing the Board out- question is whether he will mount a takeover for Myer if it’s share price continues to plunge.

https://www.smh.com.au/business/companies/myer-plunges-to-a-476-million-net-loss-after-massive-writedown-20180320-p4z5bv.html

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ShareShack user name hidden until logged in March 09
Myer has just been dumped out of the ASX 200. Unbelievable for a company that was at one time worth more than $2.0 billion.

Share price is down a further 6% today.

One would have to think with Solomon Lew being a major shareholder through Premier and him agitating the way he is for a change in the whole Board, that there must be value to be created with better management.

He seems to think the problem with Myer is not the disruption from on-line, but rather that there's no one with relevant retail experience on the Board.

Makes sense as without appropriately skilled management, a business has no chance, especially in a highly competitive environment.

https://www.smh.com.au/business/investments/myer-dumped-from-benchmark-asx-200-index-20180309-p4z3k5.html
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