A Lott to like about Tatts

An ugly wagering division masks a wonderful outlook for Tatts' lotteries business.

Talk about expensive tastes. In 2010, a man flying with Ryanair to the UK played one of their in-flight instant scratchies and won €10,000. However, he was so upset to learn that the cash wasn’t ready for him on the plane, he decided to eat the winning ticket in protest.

There’s a lesson here that mothers have been preaching for generations: don’t cut off your nose to spite your face. In the investing world, though, many do just that.

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