I'm short CAB on their announcement. Short term love with the special div but long term pain to come. They are experiencing ever decreasing revenues due to Uber. I was waiting to short based on their plan of attack to compete with Uber. Their response was to increase their foot print buying more of the same (ie. Yellow Cabs). This will just accelerate their downfall. Not sure if anyone has been in any major city and watched the droves of people walking past the taxi's to get into the Uber's? Anyone see the Big Short? This is a prime example of a company putting their head in the sand singing 'la la la'.
CAB Price at posting:
$3.84 Sentiment: Sell Disclosure: Held
