Last of the non core assets sold. Remember a few things:
1. Reduction in fees from 10% to 5%will be completed by year end;
2. Fee income is growing;
3. Most importantly, Uber has some very serious problems. It's business model is terrible. The drivers get poor returns, and most don't factor in the high car depreciation charges; Uber also likes to skate around the law, and this is getting more difficult as Governments get smarter ( evidence Google this week).; Uber should probably be paying many of its drivers as staff (this is now being investigated); Uber is NOT a discount service. It is designed as a premium service- just ask anyone who has taken an Uber ride at midnight New Year.
4. Cabcharge's technologies are not that far behind Uber.
Cabcharge continues to move towards fair value of $2.50 - $ 2.75.
CAB Price at posting:
$2.42 Sentiment: Hold Disclosure: Held
