41 ordspråk av John Novak

John Novak

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 (Auto makers) recognize how many of the Top 50 suppliers are in bankruptcy.

 A strike would be a cataclysmic event. If there was a widespread strike, this is a worst-case scenario, GM probably has 10 or maybe 15 weeks of cash.

 All three groups are having meetings at various times and word leaks out from those meetings and for the next half hour that determines the direction of the stock.

 Bankruptcy is clearly on the table. It is an option of last resort, but we are seeing more talk about it than a month ago.

 Everyone anticipates a tough year in 2006 across the board. Companies that have a diverse customer base and produce value-added technology-based components will continue to do better than the others.

 Everyone involved here is going to need to make some sort of sacrifice, but a strike is in no one?s interest.

 Going forward, we assume Algoma will continue to be opportunistic in making additional share buybacks and special distributions.

 I believe they still have a long way to go, but it is encouraging that they continue to talk.

 I think what you'll see with York on board is a greater sense of urgency to drive changes and accelerate restructuring actions.

 I would think you'd be able to run an auto company's North American division out of there, ... Considering they already have the manufacturing operations there, that would make sense.

 I'm not sure anybody can really determine what the economic impact will be at this point.

 I'm not surprised by the bidding. But you're now getting to the point of the company being fully valued. I guess the question I would ask if I was a Thyssen shareholder is, Is this a good use of the money?

 If, indeed, Wachovia did pull out, that would certainly cause some people concern. It reduces the number of potential bidders and people assume that reduces the likelihood of a deal.

 In many ways, this deal raises more questions than it answers at this point. They haven't provided any details of what they're offering, so it's tough to calculate the economic impact this could have without putting any numbers around this.

 It appears they made some progress on their restructuring efforts. It's far too early to call the efforts a success, but they do seem to have some positive momentum.


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