We're comfortable that the recovery is on track, although it's going to take a long time. Some investors were hoping for a positive surprise, and the stock is down a touch, but we're happy with the company's strategy.
More Quotes from Rob Patterson:
It was a positive result and their outlook statement of 20 percent-plus EPS growth was pretty solid.Rob Patterson
To get it away, they are going to have to virtually give it away. There are too many uncertainties about the outlook to get it away satisfactorily at the moment. I think they ought to put it on hold.
Rob Patterson
It's a disappointing result. Clearly, given the result, they do need to do some work on their operations.
Rob Patterson
They've tried to improve Myer but they will be better off without it. Myer seems to be trying to be all things to all people and it needs to find a niche like David Jones.
Rob Patterson
We thought it was a good result, the dividend was above our forecasts and the acquisition of those life businesses from National Australia Bank makes sense.
Rob Patterson
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