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Biotech / Medical : HRC HEALTHSOUTH
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To: james-rockford who wrote (178)8/28/2002 4:09:47 PM
From: Nutty Buddy   of 181
 
I hope you are right, but things are a little different now than then. Shareholders got blindsided by management. Seems like management does not have a grasp of their own business. I am disappointed.

August 7 - biz.yahoo.com "The second quarter showed strength across all product lines with each of our businesses demonstrating continued positive volume and pricing trends," said Richard M. Scrushy, HealthSouth's chairman and chief executive, in a prepared statement. Mr. Scrushy added that the company was "especially pleased" with the performance of its inpatient rehabilitation facilities, which generated an 11% increase in revenue. He said it clearly demonstrates the success the company is having under Medicare's new prospective payment system.

July 11 - biz.yahoo.com "We have had strong operating results through the first half of 2002," said Richard M. Scrushy, Chairman of the Board and Chief Executive Officer of HEALTHSOUTH. "While the current market instability has had an adverse effect on our stock price, the fundamentals of our business continue to be solid, and we remain confident in our guidance for the rest of the year. We see this as an opportunity to reactivate our stock repurchase plan and we began repurchasing shares this morning."
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