Atul Lele Expect Quotations

Around A$800 million would be a good price to achieve for Myer, given its recent disappointing sales data and the expectation that margins have also been squeezed.

We certainly didn't expect such a bearish outlook and they haven't given any earnings guidance, which is a pretty negative sign.

We're expecting even more weak data to come out of the U.S.. We're not excited about stocks that are linked to the U.S. demand cycle for at least the next three to six months.