Exide: Overbought or bargain? Message Board

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Technology Stocks : Exide: Overbought or bargain?

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To: Paul Senior who wrote (80)	8/17/1998 1:34:00 PM
From: Paul Senior	Read Replies (1) of 125

Adding to my position today as price drops below book value. Company announces it won't "recapitalize" which I take to mean that the management (controlling stockholders) won't take the company private. Looks to me like the market is saying (stock is down 2. 3/4 so far today)that management believes there is not enough value there at 15+ to make a private offer. (Or maybe market is saying: first an announcement they're looking to 'recapitalize', then an announcement that they're not--- seems (again) that management doesn't know what they're doing.) However, at price now below book value and having the dominant, world-wide position in the lead battery business, I think prospects for the long term look favorable. Now if I can just hold out for that long term -g-. Paul Senior

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