21 ordspråk av Shelly Lombard

Shelly Lombard

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 A month ago I thought it was a greater than 50% chance they would strike a deal. Now I'm not so positive.

 Although GM has almost $17 billion of cash, it could run through that amount very quickly in a strike scenario, accelerating the time frame for a bankruptcy filing.

 I think the banks will make the revolver available if they get collateral. Collateral covers a multitude of sins.

 If Lear were to go down it would come from a combination of things.

 If the situation is coming apart quicker than expected, you can blame it on liquidity and management's inability to communicate and tell a good story.

 It could go either way.

 It doesn't sound like the UAW is in the mood to be accommodating. So it looks like GM isn't going to get any more relief on the cost side until 2007. If they don't get it then, this is going to be an ugly situation.

 It might be just what GM needs.

 It?s a case of the rich getting richer and the poor getting poorer.

 It's just the wrong product at the wrong time.

 So far they haven't been able to see a strong sense of urgency. It's a little here and a little there. It's not the sweeping kind of change that this company needs.

 The market has priced out near-term bankruptcy risk. But the company still has industry risk, execution risk and turnaround risk.

 The numbers were great ... they have great ratios, they have very affluent subscribers and their revenue per subscriber goes up every month. These guys are what every cable company wants to be when they grow up.

 The wildcard here is always management. The industry is slowing and it would be nice to see them pay down some debt and accumulate some cash instead of going off in all these different Don Quixote missions.

 They went from turnaround to bankruptcy in a very short time, and you have to ask yourself how did this happen.


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