I was relatively bored. Was checking out cabcharges 10 year...

I was relatively bored.
Was checking out cabcharges 10 year comparisons.

	{caption}Growth Rates{/caption}
1		10yr	5yr	1yr	2yr Forecast
2	Sales	3.5%	1.5%	-4.7%
3	Cash Flow	1.1%	0.5%	-13.5%
4	Earnings	3.8%	-0.3%	-13.7%	-8.0%
5	Dividends	-1.5%	-10.1%	-20.0%	-7.8%
6	Book Value	9.9%	5.9%	7.3%

For many, I will cop flack, because they will look at the share price during this time.  And as many do, they will link the share price to the success or otherwise of investing in the company.

My view is not on what others paid 10 years ago to buy a share, this is Mr Market.

My view is how has the underlying company managed its own situation.
Given all the headwinds, sales still managed to grow 3.5%, cash flow has been minimal, but still positive, earnings positive, book value quite good, only dividends the draw back.

So forget the share price for a moment, with all the secular winds on this company (mandated reduction in cabcharge fees, government interference, Uber, etc).  The company has done a decent job of managing the underlying company.

Price is what you pay, value is what you get.