I sold my CAB yesterday.
Reason:
1. The surcharge becomes increasingly "doubtful"
2. The original owners reduced their positions recently. This tells me that the owners interest in the company may not be as strong as it used to be. This violates what I expected.
3. I want to see what will happen on the surcharge that imposed by RBA. The surcharge is definitely has a huge impact on CAB's revenue as per my calculation. It is like a leverage/margin - pretty shocking.
NOTE:
I will definitely go in again once the "environment" settles and CAB fits to my investment criteria.
No comments:
Post a Comment