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Re: big-yank post# 2353

Wednesday, 12/11/2013 4:39:30 PM

Wednesday, December 11, 2013 4:39:30 PM

Post# of 6681
I'm getting a little tired of you incorrectly characterizing my statements and arguing just based on assertions. Get your facts straight before you make these accusations and inferences.

Your the one who intimated that JCI and ENS were performing great relative to Exide. I just pointed out that factually, that's not a correct statement save for the US transportation business, which we all know isn't doing great for a variety of reasons. Exide has a lot of room for improvement in terms of margins, but it's market share in areas outside US transportation is holding up well despite all that's happened.

Have you ever done a fairness opinion? I have as an investment banker several times...one of the inputs into a valuation analysis is what's called comparable company analysis. ENS and JCI are trading at very healthy multiples of EBITDA and those multiples will be used in determining a value for Exide when the time comes. That was the essence of my argument.
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