SPSA SLOWLY DISAPPEARING

SPSA, bothered for years by less income than required apparently believes that the secret to profitable growth is to continue selling parts of itself. Their garbage-fueled power plant went to Portsmouth for 150 million of debt. Then, recently, they sold off its recycling headquarters in Chesapeake to a storage company for just over $1 million. Of course SPSA can explain how that debt was created.  Now to cut costs and prevent more debt the plan is to close the gates two days a week, put more people out of work and forego planned improvements to the operation. Seems there has been a dollar crisis for years for different reasons that seem to pop up. Now they are getting serious, moving to a strategic decision, “Should we sell the landfill? The deal was to survive to 2018. Didn’t they just find money by selling the valuable gas garbage puts out? Haven’t dumping prices been adjusted upwards often enough driving customers to seek other solutions? It does leave us wondering about the planning that appears off the mark, and the management. If they sell the odorous heap SPSA is down to owning only the garbage transfer stations. After they go Suffolk the woods and highways become dumping stations.