Exide Technologies fka EXTC

[prokopton]

This is shaping up to be an interesting play. I'm out but wish longs all the best. I can only think of these scenarios:

--sophisticated, coordinated bear raid and the Debtwire piece was planted by those behind it.

--massive legal and/or environmental obligations we're not yet aware of.

--incompetent management.

In plays like these, the bondholders can sometimes force the company into bankruptcy and wipe out common shareholders. I don't see this being the case because the company has a lot of assets and cash on hand it can sell to meet its $57(?) million obligation in September.

Just going by the income statement and balance sheet alone, bankruptcy shouldn't be an option.

Always something new to learn in the market.

All the best to all longs...