The full cost savings won't be realized until 2008.
More Quotes from David Healy:
I suspect that Wagoner is under a lot of pressure from the board to turn things around. To me it seems the company is in crisis mode.David Healy
Anybody who was surprised by GM cutting its dividend hasn't been on this planet.
David Healy
I don't think they could have been locked in a room 247 over the past week and come up with this retirement agreement without coming closer to an understanding on the Delphi wage situation.
David Healy
In an environment where nobody's earning raises, if they turn the company around, they get rewarded.
David Healy
I don't buy the bankruptcy talk. I think they have the resources to get through this. The stock has gotten so banged up, it could be an interesting speculation play. But I'm not going to try it myself.
David Healy
The business does not deserve a huge premium. It's a cyclical business, earnings are erratic.
David Healy
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Suffrage, noun. Expression of opinion by means of a ballot. The right of suffrage (which is held to be both a privilege and a duty) means, as commonly interpreted, the right to vote for the man of another man's choice, and is highly prized.Ambrose Bierce
The lesson is that you can still make mistakes and be forgiven.
Robert Downey, Jr.
Many a good hanging prevents a bad marriage.
William Shakespeare