The wildcard here is always management. The industry is slowing and it would be nice to see them pay down some debt and accumulate some cash instead of going off in all these different Don Quixote missions.
More Quotes from Shelly Lombard:
While we give GM a 'B' for effort, this news is not as compelling as it sounds.Shelly Lombard
They went from turnaround to bankruptcy in a very short time, and you have to ask yourself how did this happen.
Shelly Lombard
If the situation is coming apart quicker than expected, you can blame it on liquidity and management's inability to communicate and tell a good story.
Shelly Lombard
A month ago I thought it was a greater than 50 chance they would strike a deal. Now I'm not so positive.
Shelly Lombard
It doesn't sound like the UAW is in the mood to be accommodating. So it looks like GM isn't going to get any more relief on the cost side until 2007. If they don't get it then, this is going to be an ugly situation.
Shelly Lombard
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Based on Topics: Business & Commerce Quotes, Debts Quotes, Management QuotesBased on Keywords: quixote, wildcard
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