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Healthcare Services Group Inc. Message Board

  • fiscalreality2011 fiscalreality2011 Feb 3, 2014 1:03 PM Flag

    Raising minimum wage

    When the minimum wage is raised... This company will effectively have zero earnings. They will have about 3000 contracts that lose money.

    I've heard this company doesn't even give it's account managers computers or faxes. Very low to no tech. Looking at their balance sheet... I have a hard time trying to understand if this company owns anything. The only thing I think they have are contracts with nursing homes.... most of the states want to shut down half their nursing homes to reduce medicare costs. It appears the only way this company is making money is by not paying employees or constantly cutting wages on janitors.

    Also changing your general counsel in the face of Class Action lawsuit... by your managers. Then asking the investor to trust that your expertise is managing people? No something is not right.

    So I pretty much don't get what I would be investing in in this company. I would punt this thing out of bounds and walk away.

    If anyone has a clue please write back.

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