The question posed in the headline is rhetorical, of course. No one is going to answer "no".
But if you are especially keen on revenge for your parking indiscretions, one obscure ASX tech stock has been named as a buy this week.
Theoretically you can make a nice return out of this investment the more parking fines that are dished out.
Let's see what Marcus Today equity analyst Matthew Lattin is on about:
Image source: Getty Images
Have you noticed this change when you go shopping?
You might have noticed in recent years many car parks have moved away from paper tickets to cameras that take a picture of your number plate.
One of the providers of such technology is listed on the ASX, and is booming at the moment.
Smart Parking Ltd (ASX: SPZ) shares have risen more than 40% so far this year.
"This car parking manager, with a focus on automatic number plate recognition technology, grew the number of sites under management by 33% in fiscal year 2023 when compared to the prior corresponding period," Lattin told The Bull.
Police and council parking officers do not have authority to write parking tickets in car parks operated by private companies, as it is not on public land.
That means violations are enforced by the operator, with penalty proceeds flowing into its coffers.
This is the enviable position Smart Parking finds itself in.
"Its revenue streams are diversified through parking breach notices and technology sales, underpinning a recurring revenue model."
Tech stock climbing up over the long term
The small cap seems to be heading in the right direction in the longer run, with the stock price doubling over the past five years.
"The company is expanding, backed by consistent financial growth since 2021," said Lattin.
"Smart Parking offers strong leadership and a strategic outlook. [It] is poised for further growth despite potential regulatory risks."
Although not widely covered, CMC Markets does show unanimous support for Lattin's bullishness among his peers.
Both Canaccord Genuity and Veritas Securities consider Smart Parking as a strong buy.
