OPNET -The responses are in....
John Russell
Description
Collection
Title:
OPNET -The responses are in....
Creator:
John Russell
Date:
7/14/2000
Text:
Hi All
Just got this off the Charles Schwab web site Friday, July 14, 2000
Ivan R. Sabel, Chairman and CEO of the Company noted that, While we are
disappointed that second quarter EBITDA did not meet our expectations, we
believe that most of the increases in expenses that caused this shortfall
were non-recurring and that the revenues achieved underscore the significant
long-term benefits we believe will ultimately be realized as a result of our
acquisition of NovaCare O&P. He added that, Practitioner attrition has
stabilized with a net gain of 17 practitioners in the second quarter. Mr.
Sabel also noted that, The Company is continuing to monitor expenses
closely and has identified expense reduction initiatives that we expect will
reduce selling, general and administrative expenses beginning in the second
half of 2000.
HGR 4.00 -0.19
With the stock taking a nosedive in the last six months, expense reduction
is their best solutions? I cannot see how HGR will try to cut lower
contracts prices. They really need to reduce their delivery cost and that
will only happen if and when they create new patient delivery services. HGR
need to create ideas that improve patient satisfactions with less
practitioner time. It is extremely hard to change direction of big ship
John Russell
3161 Putnam Blvd.
Pleasant Hill, CA. 94523
V-925-943-1119
F-925-943-2493
<Email Address Redacted>
Just got this off the Charles Schwab web site Friday, July 14, 2000
Ivan R. Sabel, Chairman and CEO of the Company noted that, While we are
disappointed that second quarter EBITDA did not meet our expectations, we
believe that most of the increases in expenses that caused this shortfall
were non-recurring and that the revenues achieved underscore the significant
long-term benefits we believe will ultimately be realized as a result of our
acquisition of NovaCare O&P. He added that, Practitioner attrition has
stabilized with a net gain of 17 practitioners in the second quarter. Mr.
Sabel also noted that, The Company is continuing to monitor expenses
closely and has identified expense reduction initiatives that we expect will
reduce selling, general and administrative expenses beginning in the second
half of 2000.
HGR 4.00 -0.19
With the stock taking a nosedive in the last six months, expense reduction
is their best solutions? I cannot see how HGR will try to cut lower
contracts prices. They really need to reduce their delivery cost and that
will only happen if and when they create new patient delivery services. HGR
need to create ideas that improve patient satisfactions with less
practitioner time. It is extremely hard to change direction of big ship
John Russell
3161 Putnam Blvd.
Pleasant Hill, CA. 94523
V-925-943-1119
F-925-943-2493
<Email Address Redacted>
Citation
John Russell, “OPNET -The responses are in....,” Digital Resource Foundation for Orthotics and Prosthetics, accessed November 27, 2024, https://library.drfop.org/items/show/214641.
