It's not just CPI's (CPY -54.5%) weak Q3 results that are crushing shares; the company amended...

|About: CPI Corporation (CPY)|By:, SA News Editor

It's not just CPI's (CPY -54.5%) weak Q3 results that are crushing shares; the company amended its credit agreement to suspend the leverage ratio test for Q3 or it would not have been in compliance, and the amendment reduced its revolving commitment to $90M from $105M. It also suspended dividend and other restricted payments, including share repurchases.