John Devine
John Devine
John Devine quotes about
continue economy industry last lose money primarily weaker year
We'll probably continue to lose money, primarily because the industry is going to be weaker this year than last year, ... We don't think the economy has bottomed out yet.
plan
very challenging, but we plan to get it done.
absolutely
There are things we can do. We did one of those today. Is that enough long term? Absolutely not,
achieve despite earnings environment objectives tough
We will achieve our 2004 earnings objectives despite a tough competitive environment,
believe company growth opportunity
We still believe in growth of the market. We still believe we're going to need our capacity, ... This is still a very important opportunity for the company and we don't want to be slow.
america area costs drag good healthcare increasing last loss north profits progress projected reducing several vulnerable
While we have made good progress in reducing costs over the last several years, the projected loss in North America reinforces our need to do much more, particularly in the area of healthcare, ... Healthcare has been an increasing drag on North American profits and it's made us vulnerable to profit shortfalls.
clear drop fit plans product
We have product and distribution plans to fit each of those brands, ... I know there's a lot of speculation about what we're doing and that's fine. But I want to be clear we do not have plans to drop any brands.
behind committed difficult drag expect pension share
Without the pension drag, we'd expect to make about $7.50 a share this year, ... We're not excusing the pension expense. But we'll be working through it, we'll get this behind us. Making the $10 (a share target) with the pension drag will be difficult but we're still committed to it.
beyond cognitive far kids students teacher thinking worried
We need to go far beyond just teacher interaction with students on a cognitive level. We need to know what the kids are fantasizing, what they're thinking about, what they're worried about.
bad earnings great quarter relative volume
It's not a great quarter from an earnings standpoint, but relative to the volume adjustment, we think not a bad one.
cost cutting growing looked tough
The cost reductions we've looked at are very tough to achieve. We're not doing it by cutting and slashing the business. We're growing it, doing the right things strategically and we're still getting the cost out.
clear data stronger
It's clear from the data we're getting the disadvantage of some stronger headwinds,
change continue heart major number obviously parts private system today
The private entrepreneur who is the heart of our system today will continue in the future. I don't think that's going to change. But there is obviously going to be a major change in a number of the parts of distribution.
boom business expect mortgage
We expect some slowdown in the mortgage business as the refinance boom fades,