RE:RE:15% Yield The pay out ratio has not changed despite a precipitous drop in sp. That is the only change
that has happened. Why the continued selloff seems to be a result of several factors. The
business model is not inspiring confidence, interest rates are on the rise and there is fear
about the dividend being cut. All legitimate reasons for selling but at the same time it could
also represent a tremendous buying opportunity if mgmt can begin to do some positive things
to turn this around. Shaw has a 40 % interest in making that happen. The question is, how
motivated are they to do so. My guess is they are but they will do it at their own pace and
will be careful with their moves.