5 Cheap Stocks to Acquire

Exide Technologies (NASDAQ: XIDE) is one of the world’s largest producers, distributors and recyclers of lead-acid batteries, which account for about one-half of the rechargeable battery market. The company also produces lithium ion batteries via the company’s 2008 acquisition of the principal assets of the Canadian company Mountain Power. Its total production capacity is some 1.5 million batteries annually. Exide has recently received some very favorable attention from Wall Street, with Wedbush Morgan’s initiation of coverage, with an “outperform” rating, as well as Thomas Weisel Partners’ upgrade to “overweight.” I think we will see more of this kind of attention as the renewable energy sector heats up, and I think Exide will be the stock to own as the push for alternative energy vehicles results in funding from federal and state coffers — not consumers. Trading at one-half what it’s worth, the company’s shares are on the move so buy now.

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