"On the positive side, the comparable companies (ie. JCI, ENS) have seen their valuations increase dramatically since June. That helps boost XIDEQ's valuation when all is said and done."
That's a quote!
Enersys and Johnson Controls ARE outperforming Exide because in identical market conditions neither of them had to file for bankruptcy. Exide doesn't get a free ride because peers were better able to run their businesses than Exide. Those are indisputable facts. I like facts. That's how I invest.