I remember a time when taking cabs used to be a reliable option for transport, especially if you were running late. The streets had a good amount of cabs and one would seldom be waiting for more than 10 minutes before you get to flag down a cab.
Today? On more than one occasions in the past year, the state of taxis have been declining. I can’t say I’m not disappointed.
Investors would surely know about how ComfortDelGro has been seeing a surge in revenue past the $4 billion mark recently, even reporting record profits earlier in February. Yet, the stock fell to 2.86 not too long after. I’ve been watching the stock closely since then, and today, the stock has since climbed by 34 cents to 3.20. That’s more than 10% in just 2 months!
I told myself that if I were to invest in this stock, …