good article in the 'smart investor ' current magazine they believe get out and come back after the myer saga cleared up, better places to park your money than in retail atm, retail figures are all down but not released until mid Feb, they suggest by Westfield until the myer mess is sorted out, and....................wait until discretionary spending is more optimistic
and Myer's target is the top 40% of households, yet there are 61 stores located within 1 klm of target and kmart, whose target is the lowest a different owner of Myer is likely to compete more vigorously for that top 40 share
metcash returned 59.6% for the year, cml 5.2,wow18.5, djs 14, hvn -6.8 5 year returns were- cml 11.9, wow 22.3,djs 20.3,mts 70.3, hvn -2.7 the s+p asx 200 =8.4 they expect mts to be a bit slower this year while it digests foodland, but it is the 3rd in line as a retailer next to sml and wow looking at those figures I would put money into mts, not any of the others cheers
CML Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
