Exide Technologies fka EXTC

[big-yank]

Exide updates their metrics for the court, monthly. With Vernon reopening, I expect the GM will be improved from the August disaster, but the top line and other costs will not be improved and the cost of bankruptcy proceedings is likely enormous. The last report showed that shareholder equity declined by 2/3 since the BK filing commenced in June. I expect that it will be virtually wiped out with September numbers.

This stock IMO will be dead money until mid-2014 without unexpected news which could be either good or bad. This is a speculative daytrade. It is NOT an investment.