Anyone that just made money on Exide's recent "pop" had to sell their shares to do so. Those that continue to hold for some stronger gains may do well or may lose everything if the shares are cancelled, but they have made nothing until they cash out their position. That's Investing 101.
Posters that raise cautionary concerns regarding Exide aren't necessarily yanking anyone's chain, nor do they necessarily work for some hedge fund or other minion of "The Evil Empire." However, I do note that many former posters expressing concerns have ceased posting here. Could it be that they were driven away?
I do believe that Exide will survive this reorganization and its business enterprise will continue to a major extent, including in the U.S. in some way, shape or form. European operations which are separated during the U.S. Bankruptcy will likely continue without major modifications. The portion of domestic operations that may emerge upon eventual approval of its Plan of Reorganization is likely to be substantially different than today's Exide, and I'm thinking more like radical surgery versus cosmetic enhancements. I expect that common shareholders will take a huge or even total "hit" when this process is eventually concluded. Even the company, including in its recent 10-K stated that the common shares are likely to have "little to no value."
AI
