Cabcharge (CAB) down a decent amount today on speculation that the RBA's decision to adjust credit card surcharging standards will impact the company's bottom line. CAB have this afternoon come out and dispelled this threat. If what CAB say is true, then today's sell off is unwarranted, and the stock should bounce quite strongly. But this is 2012, and how can we 100% trust what companies say nowadays when profit downgrades pop up out of thin air, and share placements are dropped on the toes of shareholders. It will be interesting to see how the market reacts to this news over the coming days - a good gauge of how much trust there is left in the stock market.
