Amedisys’ (AMED) CEO Ronald LaBorde on Q3 2014 Results – Earnings Call …


Good morning. My name is Stephanie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Q3 Earnings Conference Call. [Operator Instructions] Thank you. Mr. David Castille, Managing Director of Finance, you may begin your conference.

David Castille

Thank you, Stephanie. Good morning, and welcome to the Amedisys investor conference call to discuss the results of the third quarter ended September 30, 2014. A copy of our press release is accessible on the Investor Relations page on our website. Speaking on todays call from Amedisys will be Ronnie LaBorde, President and Interim CEO; and Dale Redman, Interim CFO.


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Chesapeake Energy Q3 Earnings Preview: Debt And The Powder River Basin …

On November 5, Chesapeake Energy (NYSE:CHK) will release its third-quarter earnings and host its conference call. One of the biggest things investors should pay attention to is what Chesapeakes management plans on doing with the $5.375 billion it just raised through the sale of 413,000 producing net acres in Northern West Virginia and Southern Pennsylvania.

Financial control
Over the past two years, Chesapeake has reduced its debt load by $6 billion, bringing the total down to $15.453 billion in net debt. A bullish move would be if management plans to use most or all of that cash to further push down its debt burden. Moodys stated that Chesapeake may be able to boost its credit rating...

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Pacific Ethanol Falls On Tougher Industry Outlook, Despite Revenue And …

Pacific Ethanol Inc (PEIX) reported third-quarter results yesterday after the closing bell. Stock of the Sacramento, California-based company declined 11% in extended trading to $11.36, despite outperforming revenue and earnings estimates.

Drop in the stock can be attributed to a tougher outlook for the ethanol industry. The industry is expected to be characterized by declining ethanol price and a stagnant demand, both of which will harm the industry.

Pacific Ethanol revenue increased 17.8% year-over-year (YoY) to $275.57 million, outperforming consensus estimate by 5.4%. The surge in revenue came on the back of the high volume of ethanol sold during the quarter through increased...

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Third Federal profits hit highest point since Cleveland bank’s 2007 IPO

Overall, the Cleveland-based bank said profits increased by 18 percent for the year, to $66 million, because of an increase in interest income, a decrease in expenses and because the bank is setting aside less for future potential loan losses. Third Federals fiscal year ends Sept. 30.

For the quarter, profits increased marginally, from $15.8 million to $15.9 million.

As loan losses have fallen, so have the amounts the bank has set aside to protect against a big hit in the future. The total set aside during the past year was $19 million, down from $37 million a year ago.

Loan losses dropped from $45 million in 2013 to $30 million this year. Of that $30 million, nearly...

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Applicants sought for financial makeover

MENASHA – Financial Information and Service Center, a program of Goodwill NCW, is taking applications for its seventh annual Fox Cities Financial Makeover Challenge.

FISC will award up to $3,000 to the family or individual who makes the most progress in increasing savings or reducing debt. Applications will be accepted through Nov. 14.

Participants will work one-on-one with FISCs financial counselors over a four-month period — from Dec. 15, 2014 to April 15, 2015 — to improve their financial health.

The participant closest to reaching savings or debt-reduction goals within that timeframe will receive $3,000. The second-place entrant will be awarded $1,500....

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We need plan to deal with debt

The good news that the budget deficit declined to $486 billion in fiscal year 2014 has prompted a declaration in some circles that the deficit is no longer a concern, and we should now turn our focus to making investments in economic growth.

This either/or analysis is shortsighted and the source of many of our nations current problems created by both parties. America is and will continue to be constrained from pursuing dynamic economic growth opportunities and from making smart investments in the future until we put our budget on a fiscally sustainable course.

I wish I could believe the recent decline in the deficit is sustainable. The temporary factors related to the recession...

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Current Mortgage Interest Rates: Wells Fargo Fixed, Jumbo and FHA Refinance …

Wells Fargo (NYSE: WFC) is one of the premier bank holding companies in the United States, which is headquartered in San Francisco. The bank offers various financial services and products, including mortgage loans. The lender updated its mortgage loan information for October 23, 2014, which is discussed below. Keep in mind that these mortgage interest rates are subject to change without prior notice from the lender and may vary upon loan approval or disbursement.

As far as the lender’s best refinance rates are concerned, the long-term 30-year fixed mortgage is listed by Wells Fargo at a rate of 4.250% on Thursday. The loan’s annual percentage rate is published at 4.288%....

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S&P Places TECO Energy’s (TE) Ratings on CreditWatch Positive

Standard Poors Ratings Services today placed its BBB+ issuer credit ratings (ICRs) and senior unsecured debt ratings on Tampa, Fla.-based utility holding company TECO Energy (NYSE: TE) and subsidiaries Tampa Electric Co. and New Mexico Gas Co. on CreditWatch with positive implications. The A-2 short-term rating on Tampa Electric Co. is not on CreditWatch because we do not think the potential upgrade of the ICR is more than one notch.

The placement on CreditWatch follows TECOs announcement that it has agreed to sell its TECO Coal properties and mining operations to Cambrian Coal Corp., said Standard Poors credit analyst Todd Shipman.

The purchase price of $120 million might...

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MONEY: ‘Debt crisis’ hitting Burton and South Derbyshire families


HUNDREDS of families in Burton and South Derbyshire are struggling under the weight of mountains of debt.

Support centres in the area have declared a debt crisis, with households said to be some of the worst affected in the Midlands by what it is now the biggest issue keeping people awake at night.

South Derbyshires Citizens Advice Bureau (CAB) said families who turn to them for help are, on average, pound;18,500 in debt a massive pound;12,000 higher than the typical case across the East Midlands as a whole.

In response, the CAB has set up a new help service in an attempt to rescue families from their debt nightmare.


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WMN Letters: Emphasis must be on reducing debt


The UKIP manifesto for 2010 promised lower taxes and increased spending, apparently unaware that the country had a deficit of £168 billion, so it was having to borrow more than £3 billion a week to maintain public services.

When he was tackled about this, Nigel Farage, leader of UKIP, claimed to have little knowledge of the contents of his manifesto, saying it had been written by his deputy, who had left UKIP and joined the Conservatives.

Mr Farage will not be able to pass the buck next time when the 2015 manifesto is published our debt is still rising, with the interest payments running at close to £1 billion a week.


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