Pastor - first off, always appreciate the positive delivery of your comments. That said, the spin-off of Steam would be a two-edged sword. Costs associated with being a free-standing company strongly impacted Minerals this quarter. I don't think Steam would survive that financial hit currently without surrendering control to the darkest pits of hell - aka venture cap <shudder>. If they could pull it off, the capital infusion would be a plus to STKL (those outstanding loans aren't gettin' any cheaper)- but I get the idea that the 'risk' of Steam is mostly in the past - so why should STKL dilute the 'gains' of Steam going forward by spinning off? Let's put a few solid contracts into a historical record and then consider the sagacity of a spin-off. As always, IMO.
Side note (since I mentioned the cost of loans) - if I did my math correctly, and at 4:30 am there's no guarantee of that, the increased interest costs associated with acquisitions were enough to account for the earnings miss. Put it together with the costs from spinning off Minerals and it was definitely enough to account for it.