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

Anyone go to the AGM ?

[Jmark1]

If so would you be so kind as to give us rundown on what may have been discussed that wasn't in the recorded presentation.
Denis is a heck of a salesman, too bad he couldn't gain the trust of the insitutional investors. Which should tell us retail investors STB has a sizable risk attached to it.

[ffhwatcher3]

It is online. Good Q and A. https://edge.media-server.com/m/p/iryi68qs A very good listen.   Denis expects the payout ratio to be down to 50% within 2-3 yrs. What you can't see on the balance sheet is the $100-200M in value in the leased buses. They are paying 75% of the cost of the bus in the 6 yr lease but it has only depreciated by 50-60%. They bought this years buses for $22k/each

[goldsternp]

I was impressed by the general enthusiasm. Sounds like the morale in the other companies is not that great. Real time data collection for real time operational management sounds promising. Apparently a very good safety record compared to the others. Another quarter of steady dividends while the get rich quick, investor mentality depresses the stock price. The Canadians are doing very nicely since