Top class companies with top class tenacious management are...

Top class companies with top class tenacious management are rare.
Fewer than a dozen on the ASX by my reckoning, and Toll are one of them.
Backing the right horses is everything in this caper.

Speaking of which, as I said earlier, the next TOL trade is $1,000 on Grey Swallow in the Cox Plate at 11's.
If you win, bang the lot on TOL shares, if you lose ...well, think of it as a CFD trade with a stop loss.

In fact Peter Rowsthorn is building a racing empire, therefore a good long-term strategy is to use TOL dividends to back his horses, and reinvest everything into TOL shares.