20 Quotes by John McMillin

People see a changed company. It's one of those situations where change increases the risk of the company. Now that they have diversity, you have greater growth potential, but you also have concern as they get into new businesses.

The bottom line is that this is a low bid for a company that has enough earnings power to fuel a $30 stock price even with the heavy upfront spending for its case-ready products.

The bottom line is, pretax earnings are going (to be) down between $200 (million) and $225 million, but they're not giving out the specifics of why and what percentage of it might be due to selected price cuts,

This is probably the best food asset that has been put up for sale in over a decade. What is surfacing as these first bids are coming in is there is a good deal of interest across the board.

They said there would not be across-the-board price cuts, but I don't see how there cannot be selected price cuts given the magnitude of the earnings reduction.

It's a startling level of operating earnings growth and it's happening really before the higher ethanol and high-fructose corn syrup prices really go into effect. I'm just taken back (by) how sustainable these earnings levels are.

It's a game of poker right now. My sense is it will heat up next week. You can can't respond to this by doing nothing.

They've had their franchise, particularly domestically, eroded in the last decade by the value sector. I think now they're going on the offensive. While this will hurt earnings, I think it's the right thing to do.

I'm not sure anyone has the pocketbook to compete with Unilever here, ... Nestle is a possible one, but one that would be more vulnerable to antitrust concerns.