Gee these two are way in the dog house. In deep doo these two.
I'm not sure if the merger idea is going to help at all, but could be a turning point?
Another two mum and dad stocks staughtered.
And I though things like gambling stocks were a defensive during a downturn?
Something to do with monopoly on machines in Vic I think?
They're both yielding about 8 - 10% at the moment.
Anyone else following these?
Case mounts for Tabcorp, Tatts to merge
July 14, 2008
TATTS Group chief executive Dick McIlwain says growing competition in the gaming industry has strengthened the case for a merger between his company and Tabcorp, fuelling suggestions a tie-up between the giants is on the cards.