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But she said five years was too long to wait to benefit from a turnaround.
Any bounce in activity from a turnaround in the stock cycle will be short-lived if underlying demand fails to revive.
Much of the recovery will come from a turnaround in the stockbuilding cycle, as inventories are run down far less than before.
And it was exploring its own strategic options, moving from a turnaround into a growth phase, and concluded that it needed greater scale.
"We've changed from a Vioxx story to a turnaround story, and now we're changing from a turnaround story to a growth story".
With consumers sitting tight, Japanese companies are unlikely to benefit from a turnaround at home, something that needs to happen for the current recovery to pick up speed.
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Most reasonable folks would call the newest Mets' edition a last-place outfit and light years from such a turnaround.
"This is a quite a turnaround from a year ago, where there was a significant gap between BlackBerry and everyone else.
Figures from 2008 suggest a turnaround could already be under way.
For example, the Marlton, N.J.-based firm recently acquired $120 million (sales) Lanier Healthcare from Platinum Equity, a turnaround firm.
More from the series: A turnaround in Tennessee |Scars of abuse.
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CEO of Professional Science Editing for Scientists @ prosciediting.com