I am thinking about investing in some Redflex shares in the near future and wanted to find out what other people felt about their prospects.
For those who don't know, Redflex produces red light cameras ect. It installs and manages them for the local governments. They are currently in Australia and the US (where 80% of their cameras exist)
I think with road safety becoming more of an issue governments will continue to look for more road safety devices, especially when they produce them a healthy profit
Plus since the recent fall in the AUS/US exchange rate their revenue from the US will now look healthier.
Anyone have any other views on Redflex?