atans1

SMRT: What has “public’s duty” to do with the price of eggs?

In Uncategorized on 10/06/2010 at 7:33 am

Never bot SMRT shares, even though this would be a gd hedge against rising public fare hikes, whether reasonable or not. As a value investor, I use public tpt, supplemented by taxi. But then I am not a slave, tied to office hours. I can use the system at-non peak hrs.

I always tot I was irrational for not buying the shares.But I realise I’m not. It seems  I “knew” that mgt was incompetent.

No, not over the security breach and vandalism. The alleged offenders are white, educated FTs. Juz the kind of creative, innovative people that the government wants, And I don’t mind having. And the vandalism was artistic.

These people spot systems failure that they can exploit. So let’s not be too hard on them or the people or systems that get shown up.

If they were Pakistanis from Taliban-land, I would be worried: after the carnage.

No: mgt was incompetently firstly  refusing to apologise. It never did It only “regretted”. Only some fool of an ST sub-editor could say that it was an “apology”.

To make things worse for itself (exposing further its stupdity), mgt tried to lay part of the blame on the public.

It shows how bad SMRT mgt is in coping with the unexpected.

What has public apathy to do with the breach of the security at the depot? And not reporting the “vandalism”. I mean if the train passes the muster of the staff before it goes out, and the public is not inconvenienced, why should the public complain abt some “artistic” designs.

About these ads
  1. [...] Fricker and Loyld Do Singapore – funny little world: Extraditing a graffiti artist – ARE YOU FOR SERIOUS?! – Dee Kay Dot As Gee: Oh, so the graffiti on SMRT wasn’t a marketing campaign? – Nomadism: Swiss national arrested for graffiti – Sgpolitics.net: SDP media release: Govt must come clean on MRT security blunder – SpotlightOnSingapore: Swiss man exposes SMRT security lapses -Straits Times rejects letter – Thoughts of a Cynical Investor: SMRT: What has “public’s duty” to do with the price of eggs? [...]

  2. [...] man exposes SMRT security lapses -Straits Times rejects letter – Thoughts of a Cynical Investor: SMRT: What has “public’s duty” to do with the price of eggs? – Singapore Life and Times: Swift Vandal – The Asia File: Singapore faces new Michael Fay moment – [...]

  3. that still doesn’t explain why you didn’t buy SMRT shares. i do not see the correlation between their PR gaffe and their financial performance.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 218 other followers

%d bloggers like this: