IMO the low volume simply indicates people are waiting for the specifics on the debt restructure deal. The stock has been hanging right around the 10/50EMAs.
I listened to the CC after earnings. I'm not sure if they're going to start buying back (immediately after the new lender agreement is signed and filed) a total of 200M in debt on the open market or if it is 200M worth of debt (closer to 400M on the open market). Pretty sure they also said they can start using cash at corporate to buy back debt on the open market as well.
I think we get a boost in PPS if they can get the maturity date on the debt out to 2015 or beyond.
We're in a wait and see mode. Speculative traders may enter the issue a bit heavier the last couple hours of trading today in anticipation of an 8K being filed either post market today or pre-market tomorrow.
News 
Market Data 
Discover 
AI
