Tuesday, June 11, 2013

CABCHARGE (CAB)

It looks like the ball starts to roll. Victoria has decided to adopt 5% service fee on card payments.
http://www.fool.com.au/2013/05/28/cabcharges-share-price-docked/
This definitely will hurt CAB's revenue and profit. I don't see the reason why NSW won't start adopting the same rule as VIC.
How will CAB retaliate? I am interested to know because I think CAB may remain a good investment.



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