Sorry, but I'd have to call you mad to declare coles myer the safest stock on the ASX!
Where do you expect the miracle to come from?
Department stores are a dying concept. People are spending less on clothes - and believe me, myer do not stock the clothes people want to buy.
The loyalty card kept customers loyal, but now they're angry.
CML tried a succession of quality and expensive MDs but all failed. John fletcher must rue the day he accepted this assignment.
CML has already pierced that $6 support line you mention and they are yet to bring out their abysmal result.
Sorry, but in my opinion, you'd do better throwing a dart at the share page to select a stock than to pick CML.
But good luck anyway! i may be wrong.
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