But your opinion seems to not be supported by CAB results or other analysis of whats happening in the industry, players like UBER very small part of the overall ride hire market, coming under increasing pressure from regulatary control and the advantage of their payment/booking apps disappearing as companies like CAB roll their own out.
CAB believe the changes in the industry are largely behind them and they remain a profitable company, UBER just announced another massive loss - I wonder how much longer shareholders will continue to tolerate losses of billions of dollars with no sign of any profit in sight - and any advantage they had disappearing?
I havent fully analysed the CAB results yet, but based on past experience I wont be surprised if they are priced well below IV currently.
CAB Price at posting:
$3.33 Sentiment: Hold Disclosure: Held
