I read the first Black Company novel a few months back, and liked it enough to get the second one, Shadows Linger. I didn't like this one quite as much. I didn't think it was bad, but I didn't think it was great either.
For one thing, the chapters are too damn short. There are forty nine chapters, and only 319 pages in the book. That works out to an average of 7.5952381 pages per chapter. This is especially annoying because the viewpoint alternated between two characters from chapter to chapter. So every couple of pages it would switch from one character (Croaker) to the other (Shed).
I also didn't really like the characters that much. They came across as a bunch of thugs. The best one was Shed, and he murdered (and maybe worse than murdered) several people.
On the plus side, there was lots of action. It was good enough for me to give the book three and a half yo-yos.