The Cabcharge Australia Limited share price is at a 10-year low

Credit: Thomas Hawk

This morning the Cabcharge Australia Limited (ASX: CAB) share price tumbled 3% to a 10-year low of $2.19.

This latest drop brings the taxi services company’s 10-year decline to over 83%.

In February the company reported first-half underlying net profit after tax from continuing operations of $12.2 million.

This was a 19.2% drop from the prior corresponding period and means the company is on course to post its fourth consecutive year of falling profits.

The emergence of ride-sharing apps like Uber is likely to have played a key role in its decline.

But one bright spot for shareholders is that its shares currently provide a trailing fully franked 9% dividend.

One other business that has been tipped to be disrupted by a technology behemoth is Mantra Group Ltd (ASX: MTR).

Here’s why Motley Fool contributor James Mickleboro thinks that investors shouldn’t be too concerned by the rise of Airbnb.

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Motley Fool contributor Motley Fool Staff has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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