Gaylord Entertainment Q4 2008 Earnings Call Transcript

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2009-02-10 13:20:22.0

Tags: Deutsche Bank AG, Call Transcript, Earnings, Corporate Governance, Business Operations, Corporate Law, Seeking Alpha, Gaylord Entertainment Co.

Question-and-Answer Session

Operator

Thank you. (Operator Instructions). Your first question is from the line of Chris Woronka with Deutsche Bank.

Chris Woronka - Deutsche Bank

Hey, good morning guys.

Colin Reed

Hi, Chris.

Chris Woronka - Deutsche Bank

Colin, I understand your comment upfront, I won't ask you specifically about the Board. But I did want to point out that since the last call, I think we've all seen the number of filings from third-parties. And, I think you guys have been pretty gentlemanly in your kind of written response to those, but I want ask you if you wanted to comment right now kind of on how you feel internally in terms of -- what are these third-parties looking at, doing differently?

I mean you guys have been around for a while. You've seen different cycles, what is it that -- do you think an outsider has that you guys have not considered what that is, is there anything and then what might that might be? Thanks.

Colin Reed

Chris, I'm going to stay true to the comments I made at the beginning of this call. Look, I've learnt a long time ago that all businesses probably can be improved by different eyes and ears on it when you have totally different views and thoughts coming into it.

So we're not adverse to that and that's one of the reasons why our Board, acted the way it did last week to agree that we should put on several new independent directors. If we were entrenched in our views, we wouldn't be doing those types of things.

And so, I think that it's clear from the communications that TRT had the week earlier that, TRT is receipted to talk to us, wait for them. And I think at that stage, we just need to leave it at that and when we have more things to say, we will do so.

Chris Woronka - Deutsche Bank

Okay. Thanks.

Operator

Your next question is from the line of Kevin Milota with JP Morgan.

Kevin Milota - JP Morgan Securities, Inc.

Hey guys. I was hoping you could provide some commentary on where in particular you're experiencing the most weakness in regards the four bookings. Could you give some detail on property type or different types of group, whether it'll be corporate association or different industries where you're seeing the weakness?

Colin Reed

Yes. We're seeing the reticence on behalf of primarily the corporate customers, the corporate customer seems to be going into -- better words of nuclear winter (ph) here.

 

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