If you can't beat 'em, give up. After several quarters where Amedisys (NASDAQ:AMED) has missed analyst expectations, interim management has chosen to stop providing guidance for the timing being. Seeing as how the company needs to hire a new CEO (who likely will come in with a set of ideas about how to run/change the business) and is still in the midst of efforts to reduce costs and respond to reimbursement cuts, that's a reasonable move. Still, in the absence of information investors may choose to assume the worst.
It is difficult to feel all that cheerful or optimistic about this business. Costs per visit have been rising steadily, while revenue is pressured by reimbursement cuts and sluggish...
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