Yep, but I think he is responding from some emotional basis rather than logical analysis.
CAB is still a profitable business, most of its 'competitors' are running massive losses -- and facing increased costs due to regulation and compliance.
I have CAB with an IV of between $3.50 & $4 based on the 2016 results.
CAB Price at posting:
$3.27 Sentiment: Hold Disclosure: Held
