Replies to post #4660 on The Rising Influence of Rising Affluence

[DewDiligence]

CUB introduces open-payment platform for transit fare collection:

http://finance.yahoo.com/news/cubic-introduces-account-based-open-110000424.html

[DewDiligence]

CUB was +4% today on a day when the broad market was hammered.
Why? Because the CEO and founder, Walter J. Zable, died at age 97:

http://finance.yahoo.com/news/cubic-corporation-reports-death-founder-130000367.html

Zable’s advanced age has been one of the reasons I’ve owned CUB for the last few years. In #msg-58908872 I said:

I like the tie-in of CUB's mass-transit business with The Global Demographic Tailwind. The company also has buyout vig insofar as the founders/officers are older than sin and may be inclined to sell.

Other investors evidently concur that Zable’s death means the chance of a buyout at a nice premium just went up.