Just to digress a bit from this post, I would like to celebrate the first milestone for this blog: Reaching 10,000 pageviews, what a great way to start this week. Thanks for the support that you have been giving this blog :) Now, on to the actual post. The first part to this can be seen here: Is it Worthwhile Investing in Public Transport Operators? (Part 1) This is a continuation from the previous post and intended to give a better analysis of the shares instead of just through their P/E ratio and the factors affecting them. This will cover the other aspects such as the balance sheet and cash flow. In the balance sheet, both companies have a long-term debt to equity ratio of below 1, 0.92 for SBS and 0.95 for SMRT. I think this is quite acceptable due ......