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"Maybe the shakeout is just taking longer than expected," he says.
"But we are not talking about a shakeout like the late 60's or early 70's."
"Everybody is waiting for this to be the year of the shakeout."
A shakeout may already be under way, but it is not happening quickly.
But last year's poor returns have started what could be a long shakeout.
But the company has benefited from the shakeout in other ways.
I think it may delay the shakeout for at least three years.
The shakeout in credit cards has been going on for several years.
"That may be, but the problem is, the shakeout period can last years."
But they also saw it as the real start of an inevitable shakeout in their industry.
There certainly is a shakeout going on in independent power plants right now.
Over the next year, a shakeout began in the broadband industry.
But the indications are that a shakeout is already taking place.
Yet trying to lead the march in an industry shakeout can be tricky.
You will have some shakeout, but, by and large, this is the strongest economy in the world.
But these publications may have to ride out a shakeout.
I think there will be a shakeout in the market."
Then, as always, there was a crash and a shakeout.
She cautioned that the industry could be in for a shakeout.
In the next two or three years we'll see a shakeout."
Some experts predict a shakeout by next year as a result.
Some people think we are headed toward a bigger shakeout in the business.
For these reasons, a shakeout could benefit consumers in the long run.
But industry numbers have masked what looks like the beginning of a shakeout.
Now, however, another shakeout in the energy industry is slowing that progress.