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Technology Stocks : Equinix Inc. - EQIX -- Ignore unavailable to you. Want to Upgrade?


To: Manx who wrote (66)3/9/2002 10:46:53 PM
From: rajaggs  Read Replies (1) | Respond to of 78
 
EQIX stock has taken a tumble after they announced that they would retire some senior notes, in a stock for debt deal, reducing their bond debt by $25 million for around 9 million shares.
The market doesn't see this as positive but I'm of an opposing viewpoint.
The savings will be $3.5 million per year in interest plus $25 million due 3 years from now and the offsetting dilution is around 11%.

Thoughts.?

'jaggs