TTS stock is overpriced will fall further as licence renewal time comes. The current gaming licence which contributes 90% of their earnings was given to Tatts for free, and this expires in 2012. After that they will actually have to pay up for the privilege of retaining those gaming profits and they will have to outbid other competitors to access those earnings. Where there's competition profits will be slim. Just my opinion, formed after reading some broker reports - I could be wrong (I probably am) so please don't take this post too seriously if you have tatts shares.
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