Quotes by Patrick Schumann

“I think the market is taking some comfort that Procter is certainly making some progress. Theres reason to be cautiously optimistic that the worst is probably behind us.”

“Theyre focusing on their stronger, larger brands, and I think thats a prudent strategy for the long term. I think theyll lean towards the higher growth product lines but will take a long time.”

“The company is very disappointed with themselves and I certainly think they can do better. They just need to stop the bleeding.”

“We took it as a negative that Mark was leaving and we still think it is. Some of that was mitigated with Marty taking over, but Id certainly rather have both executives in the company instead of just one.”

“If you do see some changes, there could be some operating efficiencies and economies of scale that flow through to the consumer via lower prices. But I do believe that theyre going to operate the way that these companies have operated. They have very strong stores to begin with?so the consumer shouldnt see too much change at the beginning.”

“Thats a little unnerving to me, more so than the charge or earnings warning. He was one of the members of Campbell that was highly regarded.”

“Its a challenging environment, very competitive low barriers to entry. For them to get the first one successful or profitable in six months is certainly a commendable feat.”

“Sales of existing products are slow in some segments, such as the cookies and cakes, and Weston does need to be innovative to keep sales momentum going.”

“These two companies have gone head to head for a long time. Neither wanted to give up ground, particularly when it comes to innovative new products.”