Agree grandcaruso, but if its around 30%, I put CAB at $2.50. Its just a crazy stock to be long at the moment for all the reasons you said, IMO
Its partly the company's fault....they haven't been overly forthcoming about the expected revenue hits, instead getting all cryptic about making it up in "other areas". That's monopoly talk, and Uber (and others: GoCatch, IngoGo etc) will eat your lunch.....if they don't come clean about hits to revenue, then they cant blame shorters for getting all excited.
CAB Price at posting:
$3.35 Sentiment: Sell Disclosure: Not Held