Generally there are two modes of thinking. Either that SGH cannot restructure and will fail to secure a credit facility and be unable to pay back the debt in march 2017 or ones who beleive that its not all that bad and the fundementals can keep up business and by march 2017 this stock will look great again.
presuming some people think the latter, then a 40c per share price will look good to those people. if SGH can restructure and deal with their flailing UK business, bring its expenses in and secure a credit facility for its debt again then there is no reason it cant shoot back up, but its jsut a question of whether or not you think it can. Those who are buying are likely looking to make money when (or if) the stock shoots back up.
SGH Price at posting:
38.5¢ Sentiment: Hold Disclosure: Held
