Strong competition is likely to subdue 1H17 earrings growth for TABCORP.
The 5% sell-off the stock has had over the last two weeks sees TAH trading back into our value range and the stock is now producing a buy signal from our algorithm engine.
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The announced merger on the 19th of October between TABCORP and Tatts Group along with the $500m share buyback, should help to underpin the share price.
FY17 revenue $2.2b, EBITDA of $550m, EPS of $0.24 places the stock on a forward yield of 5.5.
