Issue 35 – Pollard Banknote is Scratching to Win

Pollard Banknote Limited (TSX: PBL) is a provider of products and services related to the lottery and charitable gaming industries. The company, which is 67% owned by the Pollard family of Winnipeg, has been supplying the global marketplace with “instant win” lottery tickets for over thirty years. Roughly three quarters of the company’s revenues are generated by the instant ticket segment. Last year, the United States accounted for roughly 60% of revenues with the remainder being split between the Canadian and international markets.

Disclaimer: Palos Funds are shareholders of PBL.


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