Hmmm......lets take a closer look at STERLING!!
Stephen J. Dresnick, MD '75 was founder, president, and chief executive officer of Sterling Healthcare Group. Under his leadership, Sterling Healthcare was distinguished several times as a leading Florida company by Florida Trend, Business Week, and The Miami Herald. His medical career includes being academic chairman and founding director of the Emergency Residency Program at Orlando Regional Medical Center. He is currently president of Symbiont Partners, a private equity investment firm. Dresnick continues to serve as a professor of emergency medicine at the University of North Carolina, Chapel Hill and is on the Board of Trustees for Florida International University.
Friday, June 27, 2008
Dr. Steven M. Scott, Stephen J. Dresnick,and ???....
Miami Doctor Buys Assets of Bankrupt Durham, N.C-Based Physician Staffing Firm.
Publication: Knight Ridder/Tribune Business News
Date: Wednesday, December 31 2003
By Jean P. Fisher, The News & Observer, Raleigh, N.C. Knight Ridder/Tribune Business News
Dec. 31--PhyAmerica Physician Corp., the Durham physician-staffing company that filed for bankruptcy in November 2002 after losing its primary source of funding, will rise from the ashes without its founder and longtime leader Dr. Steven M. Scott.
New owner and chief executive Dr. Stephen J. Dresnick, a Miami businessman and licensed emergency room doctor, wrenched PhyAmerica from Scott's hands this month when he won the approval of a bankruptcy court judge to buy
Publication: Knight Ridder/Tribune Business News
Date: Wednesday, December 31 2003
By Jean P. Fisher, The News & Observer, Raleigh, N.C. Knight Ridder/Tribune Business News
Dec. 31--PhyAmerica Physician Corp., the Durham physician-staffing company that filed for bankruptcy in November 2002 after losing its primary source of funding, will rise from the ashes without its founder and longtime leader Dr. Steven M. Scott.
New owner and chief executive Dr. Stephen J. Dresnick, a Miami businessman and licensed emergency room doctor, wrenched PhyAmerica from Scott's hands this month when he won the approval of a bankruptcy court judge to buy
He "struck out on his own, bankrolled the creation of hospital rollup Columbia Healthcare (which merged with HCA, after which some bad stuff happened,
Rainwater "struck out on his own, bankrolled the creation of hospital rollup Columbia Healthcare (which merged with HCA, after which some bad stuff happened."
TO ALL REPORTERS....."Bad stuff" of what you already know, but what is really bad is what NO REPORTER HAS YET TO FIGURE OUT..SEE IF AMY INVESTIGATIVE REPORTER CAN CONNECT THE DOTS WITH THE UPCOMING TRIAL(S) in Columbus will reveal..
Both trials, August & October....LET US NOT FORGET OCTOBER!
June 5, 2008 10:55
Richard Rainwater turns bearish on oil. For now
Posted by Justin Fox | Comments (0) | Permalink | Trackbacks (0) | Email This
Billionaire investor Richard Rainwater has turned bearish on oil. Only temporarily bearish, mind you, but it still struck me as big enough news to write my column about this week. It's not online just yet (update: now it is), but in the interest of serving this blog's readers with the freshest possible news (and because Time's PR folks are about to start flogging the story), here are the basics:
Rainwater made his name managing the investments of the oil-rich Bass family of Fort Worth in the 1980s, steering them most famously into Disney stock when Disney absolutely was not cool. Then he struck out on his own, bankrolled the creation of hospital rollup Columbia Healthcare (which merged with HCA, after which some bad stuff happened, but let's not get into that here), and married Darla Moore (famously christened by Fortune as the "Toughest Babe in Business"). Then, in about 1997, he became convinced that oil prices would start rising soon, and committed much of his fortune to betting on that rise.
That bet has paid off to the tune of about $2 billion, a success that has been documented in detail in the pages of Fortune not once but twice.
I was working on a column on whether the price of oil has gotten ahead of itself or not, I remembered those Fortune stories, and I thought it might be interesting to hear what Rainwater thought of all the talk of an oil bubble. I asked Oliver Ryan, author of the most recent of those articles, to introduce me. Oliver called Rainwater, and reported back that Rainwater had something pretty interesting to tell me.
That he did. "I sold my Chevron," he said in the first few seconds of our phone conversation. "I sold my ConocoPhillips. I sold my Statoil. I sold my ENSCO. I sold my Pioneer Natural Resources. I sold everything."
Rainwater did this, he said, right after the price of oil passed $129 a barrel, which happened on May 20. He did it because he thinks oil demand is headed down in the U.S. as Americans change their habits in reaction to $4 gas. He remains a believer in peak oil; he just thinks prices have risen so much that we're due for a significant correction--after which he'll start buying into oil again.
Interestingly, Rainwater does not buy into the argument that "index speculators" (pension funds, endowments, and other institutional investors that have been buying into commodity indexes) are a big factor in the recent price rises. He also doesn't think it's the fault of oil companies, OPEC, or any other villain. "It’s just supply and demand, it’s as simple as that," he said.
http://time-blog.com/curious_capitalist/2008/06/05/
TO ALL REPORTERS....."Bad stuff" of what you already know, but what is really bad is what NO REPORTER HAS YET TO FIGURE OUT..SEE IF AMY INVESTIGATIVE REPORTER CAN CONNECT THE DOTS WITH THE UPCOMING TRIAL(S) in Columbus will reveal..
Both trials, August & October....LET US NOT FORGET OCTOBER!
June 5, 2008 10:55
Richard Rainwater turns bearish on oil. For now
Posted by Justin Fox | Comments (0) | Permalink | Trackbacks (0) | Email This
Billionaire investor Richard Rainwater has turned bearish on oil. Only temporarily bearish, mind you, but it still struck me as big enough news to write my column about this week. It's not online just yet (update: now it is), but in the interest of serving this blog's readers with the freshest possible news (and because Time's PR folks are about to start flogging the story), here are the basics:
Rainwater made his name managing the investments of the oil-rich Bass family of Fort Worth in the 1980s, steering them most famously into Disney stock when Disney absolutely was not cool. Then he struck out on his own, bankrolled the creation of hospital rollup Columbia Healthcare (which merged with HCA, after which some bad stuff happened, but let's not get into that here), and married Darla Moore (famously christened by Fortune as the "Toughest Babe in Business"). Then, in about 1997, he became convinced that oil prices would start rising soon, and committed much of his fortune to betting on that rise.
That bet has paid off to the tune of about $2 billion, a success that has been documented in detail in the pages of Fortune not once but twice.
I was working on a column on whether the price of oil has gotten ahead of itself or not, I remembered those Fortune stories, and I thought it might be interesting to hear what Rainwater thought of all the talk of an oil bubble. I asked Oliver Ryan, author of the most recent of those articles, to introduce me. Oliver called Rainwater, and reported back that Rainwater had something pretty interesting to tell me.
That he did. "I sold my Chevron," he said in the first few seconds of our phone conversation. "I sold my ConocoPhillips. I sold my Statoil. I sold my ENSCO. I sold my Pioneer Natural Resources. I sold everything."
Rainwater did this, he said, right after the price of oil passed $129 a barrel, which happened on May 20. He did it because he thinks oil demand is headed down in the U.S. as Americans change their habits in reaction to $4 gas. He remains a believer in peak oil; he just thinks prices have risen so much that we're due for a significant correction--after which he'll start buying into oil again.
Interestingly, Rainwater does not buy into the argument that "index speculators" (pension funds, endowments, and other institutional investors that have been buying into commodity indexes) are a big factor in the recent price rises. He also doesn't think it's the fault of oil companies, OPEC, or any other villain. "It’s just supply and demand, it’s as simple as that," he said.
http://time-blog.com/curious_capitalist/2008/06/05/
Tuesday, June 17, 2008
Lance Poulsen wanted his trial in the $1.9 billion fraud case
COLUMBUS, Ohio - A federal judge has denied a request by the founder of a failed health care financing company to delay his corporate fraud trial.
Former National Century Financial (other-otc: CYFL.PK - news - people ) Enterprises chief executive Lance Poulsen wanted his trial in the $1.9 billion fraud case moved from August to October to give him and his attorneys more time to get ready.
But U.S. District Court Judge Algenon Marbley says he's already delayed the trial three times and sees no reason for another delay.
Poulsen had argued that his trial earlier this year on a related witness-tampering charge delayed his preparation for the fraud trial.
Marbley says Poulsen's attorneys knew they'd have to balance the demands of that trial and the upcoming fraud trial.
Copyright 2008 Associated Press. All rights reserved. This material may not be published broadcast, rewritten, or redistributed
Former National Century Financial (other-otc: CYFL.PK - news - people ) Enterprises chief executive Lance Poulsen wanted his trial in the $1.9 billion fraud case moved from August to October to give him and his attorneys more time to get ready.
But U.S. District Court Judge Algenon Marbley says he's already delayed the trial three times and sees no reason for another delay.
Poulsen had argued that his trial earlier this year on a related witness-tampering charge delayed his preparation for the fraud trial.
Marbley says Poulsen's attorneys knew they'd have to balance the demands of that trial and the upcoming fraud trial.
Copyright 2008 Associated Press. All rights reserved. This material may not be published broadcast, rewritten, or redistributed
Friday, June 13, 2008
Wonder what McCain thinks of this INVESTMENT?
Prescott Arizona.......
The Prescott City Council voted to join a lawsuit to try to recover the $1 million it lost after the bankruptcy of the National Financial Century Enterprises (NFCE), an Ohio corporation in which various public agencies have pooled investments.
The Prescott City Council voted to join a lawsuit to try to recover the $1 million it lost after the bankruptcy of the National Financial Century Enterprises (NFCE), an Ohio corporation in which various public agencies have pooled investments.
Monday, June 9, 2008
Prescott City Council considered joining a lawsuit to recover some of the $1 million ...
Arizona........who is investing your dollars??
The Prescott City Council considered joining a lawsuit to recover some of the $1 million it lost when the National Financial Century Enterprises went bankrupt. The Ohio-based corporation pooled Arizona public agencies' investments.
The Prescott City Council considered joining a lawsuit to recover some of the $1 million it lost when the National Financial Century Enterprises went bankrupt. The Ohio-based corporation pooled Arizona public agencies' investments.
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