47 Quotes by John Novak

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.

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.

I believe they still have a long way to go, but it is encouraging that they continue to talk.

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.

Going forward, we assume Algoma will continue to be opportunistic in making additional share buybacks and special distributions.

I would think you'd be able to run an auto company's North American division out of there, ... Considering they already have the manufacturing operations there, that would make sense.

It appears they made some progress on their restructuring efforts. It's far too early to call the efforts a success, but they do seem to have some positive momentum.

I think what you'll see with York on board is a greater sense of urgency to drive changes and accelerate restructuring actions.

It is not surprising how they arrived at this mess because they had so many issues going on, but the market isn't going to like that they didn't follow through on what they said. This is another element of uncertainty.