John McMillin
John McMillin
game heat next poker respond
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.
decade eroded hurt last value
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.
corn earnings ethanol growth happening higher level levels operating prices syrup taken
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.
cannot cuts earnings given magnitude price selected
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.
across asset best bids coming deal food good interest sale
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.
changed concern greater growth increases people risk situations
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.