John McMillin
John McMillin
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.
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.
anyone compete pocketbook possible sure vulnerable
I'm not sure anyone has the pocketbook to compete with Unilever here, ... Nestle is a possible one, but one that would be more vulnerable to antitrust concerns.
bid glad second
I'm glad that there is a second bidder, but the second bid is not much better than the first.
auction expected great people run stock upside
Even if the auction does not go to where some people expected it to, the stock had a great run up. I just don't see a lot of upside at this point.
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.
bid bottom company earnings fuel heavy line low power price spending stock upfront
The bottom line is that this is a low bid for a company that has enough earnings power to fuel a $30 stock price even with the heavy upfront spending for its case-ready products.
bottom due earnings giving line might percentage price selected specifics
The bottom line is, pretax earnings are going (to be) down between $200 (million) and $225 million, but they're not giving out the specifics of why and what percentage of it might be due to selected price cuts,
middle represents united
If they see United Way of Middle Tennessee, in a nutshell, sometimes they may not know that that isn't the United Way that represents their county.
number settle shotgun wedding
I wouldn't look for a shotgun wedding. I'd look for a number that can settle the situation,
known operator people solid strong
She is known as a solid operator with strong people and cost-cutting skills.
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.
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.
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.