Earnings Call Excerpt
Resource America Inc. (REXI)
Q3 2009 Earnings Call
August 6, 2009 8:30 am ET
Executives
Jonathan Cohen – President, Chief Executive Officer
Purvi Kamdar – Director, Investor Relations
Steven Kessler – Chief Financial Officer, Executive Vice President
Analysts
Presentation
Operator
Good day ladies and gentlemen and welcome to the Third Quarter 2009 Resource America Inc. earnings conference call. My name is Yaniq. I will be your coordinator for today. At this time all participants are in listen-only mode. We will be facilitating a question-and-answer session towards the end of the conference. (Operator Instructions) I would now like to turn the presentation over to your host for today's call, Mr. Jonathan Cohen, President and CEO of Resource America. Please proceed sir.
Jonathan Cohen
Thank you. Thank you for joining the Resource America earnings conference call for our third fiscal quarter ended June 30, 2009. This is Jonathan Cohen, President and CEO of Resource America and I welcome you to our call. Before I begin, I will ask Purvi Kamdar, our Director of Investor Relations, to read the Safe Harbor statement. Purvi.
Purvi Kamdar
When used in this conference call, the words believe, anticipate, expect and similar expressions are intended to identify forward-looking statements. Although the company believes that these forward-looking statements are based on reasonable assumptions, such statements are subject to certain risks and uncertainties, which could cause actual results to differ materially from these contained in the forward-looking statements.
These risks and uncertainties are discussed in the company’s reports filed with the SEC, including its reports on Forms 8-K, 10-Q and 10-K and in particular item one on the Form 10-K report under the title Risk Factors. Listeners are cautioned not to place undue reliance on these forward-looking statements, which speak only of the date hereof. The company undertakes no obligation to undertake any of these forward-looking statements.
And with that, I’ll turn it back to Jonathan.
Jonathan Cohen
Thanks. Again, this is Jonathan Cohen and I thank you for joining our call. Before I get to the highlights of the quarter. I will review some of the strategic initiatives underway at the company.
First, we continue to employ best-of-breed managers. We have maintained a loyal and top-notch crew of investment professionals. Second, we continue to raise investment funds successfully to proprietary retail channel and I'll beginning to see that amount rise on a monthly basis. Third, we are focused on deleveraging our company and have made good progress in that effort.
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