Mirko Mikelic
Mirko Mikelic
helped moved operations
Whirlpool has moved a lot of operations overseas, and that's helped out with their costs.
demand housing people strong surprised
People are very surprised that there is strong demand out there. There's still a strong housing market.
justice
I'm stunned. I thought they would need to do at least something to appease the Justice Department.
percent price produces
Maytag produces 99 percent in the U.S., and they are just not price competitive.
concern continue costs losing market moving picture sustain
My concern is, do they have the big picture right? They're moving in the right direction. Obviously, they're in a perilous situation. They continue losing market share. Their costs are increasing. You can't sustain that.
compete moving product production
Through their product offering, price-competitiveness, and moving production overseas, Whirlpool has been able to compete on price. That's how they've been winning.
adds appliances china coming costs fraction industry less
With the costs Maytag has, they've just become less and less competitive. This industry is so competitive and having appliances coming from China at a fraction of costs at Maytag and Whirlpool only adds to that.
base cost losing market share year
It's all about market share. You can't have the cost base and keep losing market share year after year.
billion bit bonds cash facing resolve sell short stake term
The bonds had a little bit of a run-up over the week, which I thought was probably a little overdone. They're still facing the same problems. In the short term they need to sell a controlling stake in GMAC, get the cash of $10 billion or more, and then resolve the Delphi situation.
corporate hurts market serious stay though
They wanted to stay out there in the corporate market even though it hurts them. The coupon was huge, but they're in a serious situation.
forward gm incentive
What incentive is there for GM dealers to use GMAC going forward if it is not really part of GM?
bolster cash desperate gm pay trying
GM is desperate for the cash. They need it to pay out a lot of people, so they're trying to bolster their cash position.
businesses deal investors order shed
Investors know that Maytag is going to have to shed some of the businesses in order for the deal to go through.
convinced full investors today
Investors are not convinced (the deal) will necessarily go through, or at least as two firms as we know them today with the full (product) line-up.