John Novak Quotes


We think ultimately they will cut the dividend. It won't be because York is requesting it, but rather it's a way that they can send a message to the UAW employees that ultimately the management and shareholders are sharing in their pain. - John Novak


They were running out of overtime money. They need to go back to the RTM and get more money. - John Novak


They did everything they could to present a good financial picture. In some cases, they bent the rules to do it. - John Novak


These suppliers who are dealing with 20% or 30% or 40% increases in raw materials, you can't expect them to absorb that pain indefinitely. - John Novak


There will probably be more changes, and they will be quicker. You'll probably see a more aggressive restructuring plan. - John Novak


There is just considerable and growing uncertainty surrounding GM and Ford Motor Co. (F.N: Quote , Profile , Research ), and that ripples through the industry. - John Novak


There is a lot of restructuring to do and it remains to be seen whether their actions will pan out. - John Novak


The steps they are talking about seem to make sense, given the state of the supplier industry and their customers. Plant closures and headcount reductions are something they have to do if they are going to reorganize. - John Novak


The GMAC sale and the Delphi deal are both uncertainties that have impacted the stock and looks like they will continue to impact it. - John Novak


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