FDML is getting undervalued. When investors are going to begin buying left and right? The last conference call stated that cost cutting is effective and positive impact will show in coming quarterly report.
Debt securities are being offfered as part of the S3 filing. It does NOT have to be dilution. FDML can raise cash by selling notes if cash is needed. The stock got hammered a lot after the S3 filing but nothing may happen for months. Last conference call FED MOGUL stated that they have enough cash to run the business.