After Hours Market Reaction to RefinancingAs many on ST's have noted this extrememly negative reaction to the refinancing announcement is gross over reaction. One loan with "dream" terms is being replaced with a senior note with market terms, The latter may be repaid at any time over the next 5 years, in cash or stock, as circumstances allow.
Had I had the cash I would have been a big buyer after hours.
If there's an ounce of market strategy in the new management team I would expect one, or several, very positive announcements before market opening tomorrow, This will be done with the knowledge that the Fairfax debenture has been dealt with,
Now for those announcements....Ivy revenue estimates?;Tesla is now a customer?; a major medical program is now being secured by QNX?
Folks, the bottom is in. As the friendly giant used to say....Look up waaay up.