US bond rate going up. Expect this go down with others like TCL. Not to mention the blood bath on Friday.
Still see more value here than the other bond proxy stocks. I exited $5.20 something last year luckily. Will re-enter as I see value through efficiencies on top of the stable income. TCL doesn’t have that.
Not sure on entry. May wait for things to settle.
Ann: Half Year Results Analyst Presentation, page-17
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