re: problems in greenville According to local Virginia news...

re: problems in greenville According to local Virginia news reports today, Redflex has four installations up and running. It is not clear whether these are intersections or individual approaches, but even if they are intersections, at two approaches per intersection, that totals just eight approaches. At the time of signing, the sunset clause in legislation was well-known, so it is no surprise that these approaches will be closed down, even if a disappointment.

How big a problem is it to lose eight approaches? Well, remember that RDF in the US is currently installing more than 17 new approaches every month. In other words, losing Virginia Beach costs them about two weeks. That will be far more than made up by the recent sales to the major cities of Columbus and Minneapolis, and the extensions at Chicago. If Virginia is the reason why people sold yesterday, then I have to say I find their logic a little hard to follow. Paul100 is almost certainly right (again), and progress will continue, subsequent to the release of the halfyearly, and the commencement of trading in ADRs, which enable US investors to buy the stock.

When you consider market position relative to its competitors, growth opportunities, and quality of earnings, the stock has few equals on the ASX.