STUDENT TRANSPORTATION INC 5.25 PCT DEBS T.STB.DB.A

RE:RE:RE:Screwed

[goldsternp]

Doesn't seem that anyone is too happy about the equity offering or the dividend cut. One thing the company could do at this point is reverse the dividend change and the other is buy back shares using the line of credit. This would reduce the POR. Replace non expensable 8% dividend with expensable 2-4% debt interest. I waited too long but nonetheless sold 25% of my shares today but hope to buy back when more positive things happen.