re: back at $3.34 Since we are playing the guessing game at the...

re: back at $3.34 Since we are playing the guessing game at the moment, my guess is that by this time next year, TTS will have received confirmation of the lottery licence renewal, which it has held for the past 100 years.

The good thing about the cash flows of TTS is that Joe Bloggs who buys lottery tickets and plays the pokies could not care less, who the directors are.

TTS sells "dreams".

It never ceases to amaze me why so many people buy those odds.

I do not buy lottery tickets nor play pokies, but the shares are a reasonable punt.

TTS has a debt free balance sheet, strong brands and strong cash flows. The business model can almost run on automatic cruise control.

Prospective dividend yield is now around 4.8% fully franked. Earnings guidance is for profit forecasts to be achieved.

The most damage the October 05 correction did was $3.05 for a few small trades.

At historical and forward P/E's, the downside risks are limited, but the upside potential, if it enters the ASX 100 index, is huge.

To each, his or her own. For me, no worries.