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Re: Zeev Hed post# 42427

Wednesday, 11/06/2002 12:45:49 PM

Wednesday, November 06, 2002 12:45:49 PM

Post# of 704047
USPI excerpts from CC by him:, if you have facilities that are well-run and doing well, why do you need to keep levering up to grow? Why are you so actively engaged in this rollup strategy if everything's well? That's question one. Question two, why would you want to be part of a drill where doctors have business arrangements with some of these facilities? That always leads to problems. Why, why would you engage in behavior like that? Those are my first two questions

Cohodes: -- You still need to raise money. You sold stock and you're leveraged in doing this. The cash you're generating just covers your, your maintenance of these things. I mean, if I had a business that was allegedly growing as fast as yours, why keep buying, especially out-of-control areas like Spain?






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