Thanks mate, I'm considering that or better get off retail. I also hold MHJ and that one has been more "stable".
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Just as well WHS not an Aussie company or covered by Aussie brokers/analysts
Warehouse problems mirror those of Myer to some extent in trying to become a 'modern day' retailer.
After the latest profit warning saw Credit Suisse analyst Grant Saligari slash his price target for the stock from 56¢ to 20¢, and say things like "With Myer reporting a deteriorating sales trend and a precipitous profit decline, there appears to be little value for existing shareholders,"
OUCH
Is our Nick heading the same way?
When it comes to messes, there arent many able to compete with Myer. IPOd at $4.10 is now 55 cents. They have continually destroyed shareholder value and none of their businesses are performing. Have you read their announcement? It's as bleak as they come.
I'd say the WHS is a much better business, but that's not saying a lot