Classic turnaround story? I'm not sure how you arrive at that conclusion. Turnaround implies a strong rebound in earnings following a period of restructure or change in circumstances.
WOW after Masters. BHP and Rio after the fall in Iron Ore price. QAN after restructure and drop in fuel prices. Maybe banks after the RC fallout. I don't currently see TLS in the same category.
TLS has had to keep looking at cuts and measures like Belong just to stem the bleeding. It's generally underperformed the market for the past few years (the cuts in interest rates and maintenance of franking credit refunds helped a bit) and I can't see how or when that will turn around.
Hopefully this clarifies my opinion for you. All just my personal opinion.
TLS Price at posting:
$3.82 Sentiment: None Disclosure: Not Held
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