It is a natural next step in the process. (Collins Aikman) has made some ill-timed investments over the years and it should help those players left in the fabrics industry.
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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.John Novak
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.
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It will send a message to the UAW that shareholders are also sharing in the pain, and the union members are not the only ones being asked to make concessions.
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Going forward, we assume Algoma will continue to be opportunistic in making additional share buybacks and special distributions.
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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.
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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.
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Based on Topics: Business & Commerce QuotesBased on Keywords: aikman, ill-timed
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