47 Quotes by John Novak

(Auto makers) recognize how many of the Top 50 suppliers are in bankruptcy.

A strike would be a cataclysmic event. If there was a widespread strike, this is a worst-case scenario, GM probably has 10 or maybe 15 weeks of cash.

It's a bad day for the entire sector. There's a realignment of earnings expectations across the sector. Some expectations were too high.

It's an interesting and potentially far-reaching deal, but we don't know what the ultimate economic consequences will be yet. If they can convince a significant number of people to take these offers, it would be money well spent.

It looks like they are making progress on their restructuring plan. It is far too early to call this a success, but they are moving in the right direction.

It looks like it was a solid quarter. They continue to benefit from strong demand for emissions controls products.

It's hard to imagine what the upside catalyst is, what specifically is going to change things and lead GM to a turnaround. The list of negatives is so long, and you look at the positives and there's just not enough there to have any confidence at all. ... It probably will get worse before it gets better, so it's possible that GM will be a buy again someday, but that day's a long way off.

Everyone involved here is going to need to make some sort of sacrifice, but a strike is in no one?s interest.

Everyone anticipates a tough year in 2006 across the board. Companies that have a diverse customer base and produce value-added technology-based components will continue to do better than the others.