Exide Technologies fka EXTC

[big-yank]

The estimates for the cleanup of the former GNB smelter in Frisco, TX are as high as $130 million. A few years ago Exide paid around $67 million to resolve a bunch of older, smaller clean-up sites. Then there is the future cleanup cost likely for Cannon Hollow, Muncie, Reading, Baton Rouge and on and on. And, of course, Vernon, California.

Got $BILLIONS?

The enviro-ship has finally hit the fan. Years of acquiring every swinging "D" in the battery biz has finally manifested itself in the inevitable... the cost of cleaning up the ship. Sorry, shareholders. Your board of directors let these acquisitions happen and they slept at the board table and collected their option awards for years while the meter kept running on all these inevitable cleanup costs built into a pyramid of catastrophic enormity.

All JMHO.