A community of 30,000 US Transcriptionist serving Medical Transcription Industry

MEDQUISTS GIVES $4.70 PER SHARE - DIVIDEND

Posted: Oct 01, 2010

While we make less and less, Medquist and its stockholders fiddle while our Rome burns.

guess we should buy stock and quit our jobs - nm

Companies in any way involved in healthcare should - not be allowed to offer stock in company.

[ In Reply To ..]
Then it all comes down to pleasing the shareholders, who want more and more dividends, and the only way to get them in this business is to financially and emotionally CRUSH the employees.

It can't go on this way forever, something's going to have to give. I hope most sincerely that what gives out and fails is the underpinnings of all these dishonest MTSOs.

Is almost $5 a share a good dividend? - dumbdumb

[ In Reply To ..]
I don't keep up, but sounded like it to me. So people will keep buying Q stock, we will make even less, and the dividends will encourage repeat?

MQ history from my personal experience - Nell

[ In Reply To ..]
I first came into contact with MQ when they bought MRC in, I believe, the early 90s. MRC was a very nice company to work for. Over the years, however, as MQ started acquiring more and more small MTSOs they consistently hired more and more VPs. I cannot for the life of me understand either what they do or how they justify the salaries. Their executive level employees are killing us. They do not care that when I first started working for them in the early 90s I was making approximately 75K a year, was allowed to work all my hours that I needed for benefits from Friday to Monday and had the rest of the week off. I now make just slightly more than what I was making when I started transcribing in 1977. Thankfully, I do not have to rely on MQ for my total salary, I am know just working for the benefits.

Yet they can't afford to match even a portion of our 401K contributions - anon

[ In Reply To ..]
What a bunch of hypocrites.

CBay gets $122M of this "special dividend" - anon

[ In Reply To ..]
or almost 40% of this new $310M financing package. That's according to DailyFinance.com, where it shows that Cbay is the single largest MQ shareholder with 26.09M shares.

I'm sorry, MQ/Cbay suits, but phrases like "downward pressure" and "intense competition" no longer cut it with me as justification for our abyssmal pay rates, lack of 401K matches, and other insults. Apparently when YOU want $$ from outside for your own purposes, you have ways of getting it. Why are your coffers always empty when it comes to your rank and file?

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