After traveling through this tunnel a few times I would be very worried if I held stock. Slow average speeds in the tunnel and massive delays trying to exit at either end.
The media seems to be glossing over alot of the delays people are experiencing. But according to the article 66,765 cars a day are taking the tunnel while it's free.
66,765 cars and the traffic is crawling. How on earth are they going to get it up to 70,000 a day and convince people to pay for it when they are already having traffic problems in the tunnel ?
This stock seems like a high risk play to me.
RCY Price at posting:
19.0¢ Sentiment: None Disclosure: Not Held