David Healy
David Healy
David Jonathan Healy, MBEis a Northern Irish former footballer and now football manager who is in charge at NIFL Premiership club Linfield...
ProfessionSoccer Player
Date of Birth5 August 1979
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I think all of us on Wall Street were misled not only by the company's first quarter guidance, but also by fact back in the fourth quarter, their North American margins were disappointing and terrible. I think there's real strength here, but a lot of good things were concentrated in the first quarter.
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His departure is not going to make or break the company, but the cumulative loss of the top people from Chrysler is a significant drag, although it's hard to quantify,
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but it ain't going to affect car sales soon.
The MHRA is funded 100% by the industry,
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In an environment where nobody's earning raises, if they turn the company around, they get rewarded.
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They've got to get these operations turned around. By 2007, I think that will begin to happen.
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They've got some interesting new stuff coming out. They're going to continue to do better than GM and Ford in North America, but I think there'll be a squeeze on their earnings.
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These pills can be useful pills, but they don't match up to the hype we've had that they really cure the illness.
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It's not bet-the-company, but it's pretty darn important. Well, maybe it is bet-the-company.
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If I wanted to sleep at night I'd own GM, but I think Ford has a higher percentage chance of bouncing back.
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I don't think there's any sector- or stock-specific news that is moving these stocks today. The gains you're seeing are a reaction to the steep drop these stocks have taken of late and the recovery the shares have seen for the last few sessions. It's pretty much a group recovery.
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I don't think Wall Street had fully realized the dependence of GM's and Ford's North American earnings on a few light-truck models. That was the nasty surprise that drove their shares down.
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I don't think they could have been locked in a room 24/7 over the past week and come up with this retirement agreement without coming closer to an understanding on the Delphi wage situation.
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I'm not sure how significant that is because these warped market shares were caused by the strike that is now over.