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Ten years on the Myer float still rankles

Sue Mitchell
Sue MitchellColumnist

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Why are some shareholders willing to forgive and forget when companies fail to achieve profit guidance, while other shareholders take them to court to recover losses?

In the case of Myer, shareholders are still rankled over the circumstances behind the department store chain's $2.3 billion initial public offering in November 2009.

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Sue Mitchell writes the fortnightly Window Shopping column for the Financial Review and has covered retailing for over 30 years. Connect with Sue on Twitter. Email Sue at smitchell2045@gmail.com

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    Original URL: https://www.afr.com/companies/retail/ten-years-on-myer-float-still-rankles-20191024-p533uv