One of the most encouraging things about the way that the RDF Traffic business is run is their demonstrated willingness to walk away from unprofitable business. I suspect that it is quite possible we could see the same situation at Houston, with so many companies fighting desperately for what they see as a PR victory. Nestor have got themselves bogged down with a large number of low-yielding installations at Baltimore, to which they have now added the similarly unprofitable Transol contracts.
While it would be great to get the Houston business, I think Redflex will be quite happy to see it go to a competitor if the margins are not there. They don't need an albatross around their necks.
RDF Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
