The Latest from WarOnDriving.com:
Far be it for a driving politics website like this one to make a judgment call on investing, especially in foreign trades.
However, it’s easy to spot a company who’s panicking as they’re usually the ones running around with their pants on fire.
From the “we swear this is standard procedure file,” Redflex Traffic Systems has been forced to announce a request for a trading halt on the ASX (Australian) where shares of Redflex Holdings, Inc are exchanged. [Announcement]
This is the second time this month Redflex has requested such a halt ahead of big news about the results of ongoing investigations into the company’s business dealings.
Since the February 6th announcement, shares of ASX:RDF are down 33%. Another such drop would place them well below $1.00 (AUS) per share, which would be near 10 year lows for the stock.
The company making the same move twice in the same month, along with all the other bad news out of Chicago spells trouble for Redflex, all over the globe.