SMRT - smart decision

Didn't intend to write this post, but I feel so lucky that I got out of SMRT in Dec 2012. See what happened today:


Shares of SMRT Corp Ltd fell to a five-month low after the Singapore transport operator reported a 31 per cent fall in third-quarter net profit and brokers warned that its earnings could be dragged further by higher expenses.
 
SMRT shares dipped as much as 2.4 per cent to S$1.635, the lowest since late August last year. Nearly 3 million shares changed hands, 2.6 times the average full-day volume over the past 30 days.

SMRT reported on Tuesday net profit of S$25.5 million (US$20.7 million) for the three months ended December, down from S$37 million a year earlier, mainly hurt by higher staff, repair and maintenance costs.

DBS Vickers expects SMRT's earnings to worsen and cut its earnings estimates by 16 per cent for the company's 2013 fiscal year and by 25 per cent for 2014. DBS reduced its target price to S$1.30 from S$1.50 and kept its 'fully valued' rating.
(Source - Businesstimes) 

Anyway, after selling SMRT, CL and AG, I still haven't found any good dividend stock to enter yet. All the good ones are stuck at overbought region, and keep going higher. Need to wait patiently...