Should value investors steer clear of Myer?
There was a time when department stores were a go-to destination for most shoppers. But not anymore. Today, department stores are doing it tough. And, for the likes of Myer (ASX:MYR) and David Jones, there seems no respite in sight.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
Bartek Stepien
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How about TRS The Reject Shop? From September it started having growth in comparable lfl sales. Market might be sensing good half yearly report as share price is recovering. I understand retail enviornment is uncertain but where to save household money if not by shopping in Reject Shop?