Home>Universal Health Services UHS Q4 2011 Earnings Call Transcript
Universal Health Services UHS Q4 2011 Earnings Call Transcript
Earnings Call Transcripts by Morningstar Inc.
Tue, 28 Feb 2012
Good morning. My name is Casey, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Q4 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks,
With yield spreads back to pre-crisis levels, there is less room for error in the high-yield market today, says Morningstar director of fixed-income research Eric Jacobson.
Morningstar associate director of fund analysis Miriam Sjoblom explains what drove municipal bonds' great performance in 2011 and what issues may lie ahead for muni investors.
While duration exposure remains troublesome, large-scale bank deleveraging in the last year has credit markets looking ripe for investment, says Driehaus' K.C. Nelson.