"CAB is an attractive investment with a quasi-monopoly position in the taxi fare processing industry. First mover advantage, 30 years of experience, and scale efficiencies make it difficult for potential competitors. Earnings growth will come from increased bank issued and third party cards contributions, conversion from paper to electronic transactions, eTag, UK contributions, lower transaction and equipment rental costs, acquisitions and taxi fare increases. The Westbus JV is proving increasingly promising. CAB is one of our SCG Best Businesses."
I used to be their credit controller back in the '80's and have been watching this stock since it's highs. Apparent price correction due to credit crunch fears as intiallly involved in the credit providing industry, albeit corporate credit clients. Reg Kermode very switched on and has since diversified into other markets. Etag, Bus, taxi companies etc. IMO possible buy, but I am new at this game.
CAB Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
