Wednesday, 22 September 2010

David Jones Shares Underperforming? 22/9/10

Just thought we would bring you a quick update on the ASX this morning. At the close of trading in Sydney yesterday (4:10 p.m), Australia’s S&P/ASX 200 Index had dropped 0.2 percent. The change that caught our attention, of course, was no other than David Jones Ltd. (DJS AU). The stock retreated 0.8 percent to $5.20 AUD, prompting Credit Suisse Group AG to downgrade it from ‘neutral’ to ‘underperform.’ Not a great time for Australia’s second largest department store chain- we have such faith in the David Jones name, and know they will dust themselves off and recover from this brief downturn.

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Melinda O’Rourke is the founder and Director of MO Luxury, a dynamic, Sydney-based management firm specialising in luxury brands and services. Melinda and her associates at MO work with local and international brands across prestige retail, fashion, fine jewellery, timepieces and specialised services. Melinda is well-connected, well-read, and well-versed in the demands of the luxury market and its client base. Her advice is firmly based in objectivity and ultimately, accountability. Melinda offers constructive counsel and both strategic and creative thinking and is able to draw upon a strong network of specialised talent to compliment the MO Luxury team as needed. Melinda enjoys excellent industry relationships and is regularly quoted in the business and fashion media. Read more about MO Luxury,