Towards the end of April, I revealed that I added SBS Transit to my portfolio and I also added to my investment in ComfortDelgro.
I said I would talk a bit more about these in my next quarterly report.
I was just being a lazy fellow, as usual.
Well, I decided that I should talk about it sooner than later because I am a nice person too. ;)
I should not leave a story half told (for too long.)
So, why did I do what I did?
SBS Transit is, of course, mostly owned by ComfortDelgro and in the business of public transportation minus the taxis (and airplanes.)
As I expect ComfortDelgro to do better post pandemic, all else being equal, a major contributor to this improvement should come from SBS Transit as ridership numbers on buses and trains improve.
So, becoming a shareholder of SBS Transit while...