New deal not doing much for SPI wonder if the new deal is veiwed negatively in the market or whethet today's drop of $1.35 is a reflection of the TSX which is down about the same amount (5.76%). For those who thought the compnay should pay out some of its excess cash in dividends this may be a disappointment. For me anything that will strengthen the future earning is welcome and more reserves were a small concern until now.
I have no problem with the board and management decisions and hope they will be accretive for long term holders.