Welch had all the legal antitrust issues worked out but failed to consider industry reaction to the mega-deal. GE was taking its cake and eating it, too, ... You can't have it that way and the whole industry ganged up against him.
More Quotes from Nicholas Heymann:
We have decided to take the unusual step and reduce our rating on WHR to Sell to reflect what we strongly believe is the potential for significant near-term downside risk due to a series of massive changes rapidly altering the historic ways the appliance business is conducted in North America, ... The net result of this change will, in our opinion, be a slow, but steadily building decline in market share for WHR, accompanied by steadily increasing pricing pressures, which we believe could far disproportionately impact Whirlpool versus other manufacturers.Nicholas Heymann
They last thing they are going to do is reduce leverage and buy back shares, ... This is all good news. Their stock's been down.
Nicholas Heymann
We'll get a better handle about how can this company, in a non-growth environment , can grow at an above-average rate,
Nicholas Heymann
It's important to connect reality to concept. An improvement in the gross domestic product has caused people to feel more confident in their jobs, but profits are being driven by efficiencies in this country rather than increase in demand,
Nicholas Heymann
We continue to believe the (Justice Department) will oppose the merger based on the potential for anti-competitive pricing by the merged entity.
Nicholas Heymann
There's a lot that has to be done at this company to get (margins at) the commercial part above 5 percent.
Nicholas Heymann
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Based on Topics: Law & Regulation QuotesBased on Keywords: ganged, welch
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