When times are tough, hope reigns supreme, and people buy lotto tickets. TLC owns/operates brands like Powerball and OZ Lotto. As we’ve witnessed over the last few weeks/months, not much fazes TLC, and it’s certainly a stock that will let investors sleep from a capital preservation perspective.
- We like TLC in the $4.60 area, where it will yield ~4% fully franked.
MM like TLC as a defensive yield play
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