Darren Kimball
Darren Kimball
bankruptcy breaking close companies high risks
A lot of companies that have not filed for bankruptcy may be close to a breaking point. The risks are very high right now.
confident deal despite gm happen unknowns
Despite many unknowns about how a three-way deal between Delphi, GM and the UAW will be structured, we are increasingly confident that the Delphi restructuring will happen out of court.
drawn extremely forward generous incentives industry recent simply weeks
Automakers' extremely generous incentives in recent weeks have simply drawn forward industry demand.
assume breaking ground guidance prior
I have to assume that prior guidance did not assume any ground breaking concessions from labor.
confusion consumer continues holds price pricing source strategy whether
It's not up to GM, it's up to the consumer whether that price holds or not. GM's pricing strategy continues to be a source of confusion for investors.
believe burning cash company expect million performance reason
After burning $400 million of cash in 2005, we expect the company to use another $150 million in 2006, and we have no reason to believe that 2007 performance will be much better.
continue group negative pick quite regard top
We continue to regard Borg as a top pick in a group that we are quite negative on.
pressures saw
When I look at 2006, I see a lot of the same pressures I saw in 2005.