Thank goodness for the cash flow metric since all others failed to thrive. However, having just read the conf call transcript, it illustrates once again just how poorly the top brass in Cinci can articulate the real story. No time to highlight the strong cash flow? Thankfully new acquisitions seem to be off the table...the Birmingham and Phoenix deals both have been busts ( I heard they just gave back Phx to the prior owners).
The call Q&A was incredibly long-winded and repetitive analysis of how to admit patients...had a significant "she does protest too much" quality about it. This very poor off-the-cuff IR style has been a long-term issue with the two key guys whose train of thought provides some disturbing insights into the mental capacity of management. Who is responsible for holding a CEO accountable? ..where is the board of directors?