Where to begin?

I've not heard anyone say everything is "fine and dandy." Was there an example of this you could share?

As far as no one's paychecks increasing, if we look back to January 2009, the economy lost 800,000 jobs in one month. Now, I understand President Obama is a secret Kenyan, Muslim, Socialist, "fill in the blank" etc...But we're not suggesting he was to blame, are we? No, let's not do that.

After hitting 10% unemployment in the second half of 2009, unemployment has steadily declined to its current level of 6.6%. 40+ consecutive months of job growth. No, we're not at full employment, and yes, there's a lot to be said for how the unemployment rate is calculated, but Obama didn't make up the calculation-he's using the same one that we've used for years. Quite a few people have jobs they didn't back in 2008/2009. "Jobless recovery" is a scary sounding term that tests well, but I think if we asked the millions of people who are working now who weren't then, they'd see it differently.

The stock market continues to break records on a regular basis. Not weekly or monthly but all-time records. It is a great time to be in finance, banking, big business, major corporations, etc.

What about Nursing homes, specifically?

ADCARE

States with Adcare-owned facilities (AL, AR, GA, NC, OH, OK)
Source: http://bit.ly/adcareq22012

Second quarter highlights

Record Q2 revenues of $55 million, up 10% from Q1 and up 60% from Q2 2011
Income from operations surged 398% from Q2 2011
Record EBITDAR from continuing operations, up 28% from Q1 2012 and 89% from same period in the previous year
“Second quarter results … reflect record revenue and operating profit that has exceeded all expectations.”
Key executive compensation (2011 and percent change from previous year)

$2,592,708 (+ 114.42%)
CEO compensation (2011 and percent change from previous year)

$995,529 (+ 224.26%)
Facility staffing

27% of facilities rated “below” or “well below” minimum staffing requirements


ADVOCAT

States with Advocat-owned facilities (AL, AR, FL, KY, OH, TN, TX, WV)

Source: http://bit.ly/advocatq22012

Second quarter highlights

Sequential adjusted EBITDA grew 73% from $1.6 million to $2.7 million
Medicaid rates increased 1.8% sequentially and 4.8% year-over-year
At the facility level, operating margins increased by 130 basis points generating an additional $7 million in operational profits
ROI on renovated facilities has been measureable, occupancy rose 670 basis points with average Medicare census increasing 17%
Key executive compensation (2011 and percent change from previous year)

$3,511,268 (+ 55.20%)
CEO compensation (2011 and percent change from previous year)

$2,221,684 (é 202.71%)
Facility staffing

25% of facilities rated “below” or “well below” minimum staffing requirements


ENSIGN GROUP

States with Ensign-owned facilities (AZ, CA, CO, IA, ID, NV, TX, UT, WA)

Source: http://bit.ly/ensignq22012

Second quarter highlights

Consolidated revenues hit an all-time high at $204.3 million, up 9.7%
Record adjusted earnings per share exceeded the prior year quarter at a record $0.67 per share, compared to $0.63 per share
“Second quarter saw performance running ahead of schedule in nearly every corner of the organization, skilled nursing…gained strength and outran our fairly aggressive projections.”
Key executive compensation (2011 and percent change from previous year)

$5,678,544 (+ 2.38%)
CEO compensation (2011 and percent change from previous year)

$1,583,158 (é .18%)
Facility staffing

49% of facilities “below” or “well below” minimum staffing requirements


KINDRED HEALTHCARE

States with Kindred-owned facilities (AL, AZ, CA, CO, CT, GA, ID, IN, KY, MA, ME, MT, NC, NH, NV, OH, OR, PA, RI, TN, TX, UT, VA, VT, WA, WI, WY)

Source: http://bit.ly/kindredq22012

Second quarter highlights

Consolidated revenues rose 19% to $1.5 billion
Operating income jumped 7% to $71 million from $61 million last quarter
“Great momentum, high degree of confidence in guidance and delivering in back half of year”
“Short-term Medicare rate outlook is much better”
Key executive compensation (2011 and percent change from previous year)

$15,010241 (+ 17.01%)
CEO compensation (2011 and percent change from previous year)

$6,426,120 (+ 15.02%)
Facility staffing

39% of facilities rated “below” or “well below” minimum staffing requirements


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