With steady cash flow, high dividends earned and paid in US dollars, stable municipally-backed diverse customers in a recession resistant business with a proven track record of growth, STB is an attractive takeover candidate for any pension fund or yield-hungry corporate acquirer. With market cost of long term debt at record lows, and with STB yielding 13%+, the logic of acquiring STB should be being considered by many potential suitors. I would not be surprised to see a competitive bid emerge with a price in the C$6 to C$7 range, which would still offer an attractive yield pick up for the acquiror. It will be interesting to see how shareholders reply.