Myer - nervousness ahead of results?

Some good retail trade data out this - particularly in relation to department store sales.  Should be helping Myer which is down more than 2% today.  Results out next Thursday and investors haven't had much visibility since sales numbers back in early May.  

If you believe the data, results should show an improving trend.  

Definite takeover possibility with MYR although not as attractive to PE as DJS given its lack of hard assets ie no property portfolio.  Solomon Lew always lurking in the shadows after his DJS pay-day.  If MYR looks OK on fundamentals then the takeover play really is a free option.  

Be an interesting result next week. 

We hold a few MYR but wouldn't be buying more until looking through the numbers.