John Novak
John Novak
John Novakis an actor and anime voice actor who frequently does voice work for the Ocean Group based in Vancouver, Canada...
action afraid couple measured miller next tough
Miller isn't afraid to make tough decisions. You will see some action here in the next couple of months. This is measured in months, not years at this point.
building challenges continues controls faces fairly given hold industry looked positive tough
On first glance, they looked fairly positive especially given the tough industry conditions. Building controls continues to do well and autos faces considerable challenges but managed to hold up its end.
given industry plant seem state steps talking
The steps they are talking about seem to make sense, given the state of the supplier industry and their customers. Plant closures and headcount reductions are something they have to do if they are going to reorganize.
aggressive
There will probably be more changes, and they will be quicker. You'll probably see a more aggressive restructuring plan.
recognize top
(Auto makers) recognize how many of the Top 50 suppliers are in bankruptcy.
answers calculate deal details economic impact numbers provided putting questions raises tough
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.
ask company fully good guess point question surprised
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?
consequences convince economic money number people ultimate
It's an interesting and potentially far-reaching deal, but we don't know what the ultimate economic consequences will be yet. If they can convince a significant number of people to take these offers, it would be money well spent.
overtime running
They were running out of overtime money. They need to go back to the RTM and get more money.
absorb dealing expect increases pain raw
These suppliers who are dealing with 20% or 30% or 40% increases in raw materials, you can't expect them to absorb that pain indefinitely.
across bad earnings entire
It's a bad day for the entire sector. There's a realignment of earnings expectations across the sector. Some expectations were too high.
call early far looks moving progress
It looks like they are making progress on their restructuring plan. It is far too early to call this a success, but they are moving in the right direction.
benefit continue controls demand emissions looks solid strong
It looks like it was a solid quarter. They continue to benefit from strong demand for emissions controls products.
gm maybe strike weeks widespread
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.