Quotes by Sean Egan

“Its crazy. Theres no reason why a couple of private firms should be given market information ahead of everybody else.”

“There may be more lawsuits and a fine, but I think they will be manageable,”

“we are in a pricing war for vehicles that fewer and fewer people want to buy as gasoline prices continue to rise.”

“Its one thing to buy an S.U.V. when gasoline prices are at $1.80, its an entirely different matter to buy them when they are over $ 2.70. G.M. and Ford have no alternative but to boost the discounts to maintain their sales,”

“Moodys chairman, Clifford Alexander, was on the board of WorldCom up until last year, ... The biggest bankruptcy in U.S. history, and the chairman of Moodys was on the board. Theres no way that should happen. He also shouldnt be on the board of the National Association of Securities Dealers. Theyre supposed to be independent.”

“With such a low premium of 4 percent to the prior days close and the fact that there is a significant breakup fee of $225 million, it doesnt give us much comfort that investors are being protected, ... There has been a huge turnaround among the credit card issuers over the past three years, and with MBNA being acquired, theres some scarcity value for Providian. But their shareholders are not getting it.”

“With such a low premium of 4 percent to the prior days close and the fact that there is a significant breakup fee of $225 million, it doesnt give us much comfort that investors are being protected. There has been a huge turnaround among the credit card issuers over the past three years, and with MBNA being acquired, theres some scarcity value for Providian. But their shareholders are not getting it.”

“It is going to put a major dent in GMs profitability, but GM is stuck right now.”

“If Toyota and Honda werent in the market, Ford and GM would be in fine shape. We dont see anything on the horizon that is going to substantially change the slide.”

“Delphi alone will put them in an extremely vulnerable position.”

Bowie talks in great, voluble torrents, darting from one topic to the next, parenthesizing and then parenthesizing the parentheses, as if he has too many ideas for one conversation.