Here's a story that will bring a tear to the eye of every commuter. The guys that operate the red light cameras are suffering big time in the Covid-19 crisis.
Redflex Holdings, an Australian company, operates red-light cameras ("traffic safety programs") in 100 U.S. and Canadian cities. It seems that when people run that red light or speed, Redflex Holdings gets a portion of the fine. The problem is, according to the Wall Street Journal, people aren't out driving as much. That means fewer tickets and less money to Redflex Holdings.
So they evidently have a liquidity problem. And the stock has been down up to 46%.
