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Anderson on Q3 2014 Results

Anderson on Q3 2014 Results

Good afternoon, ladies and gentlemen. Welcome to the Six Flags’ Third Quarter 2014 Earnings Conference Call. My name is Wanda and I will be your operator for today’s call. During the presentation, all lines will be in a listen only mode. After the speakers’ remarks, we will conduct a question and answer session (Operator Instructions). Thank you.

I would now like to turn the call over to Nancy Krejsa, Senior Vice President, Investor Relations and Corporate Communications for Six Flags. Please go ahead.

Hello, and welcome to our earnings call this afternoon. With me are Jim Reid Anderson, Chairman, President and CEO of Six Flags; and John Duffey, our Chief Financial Officer.

Our call will begin with prepared comments from both Jim and John and then we will open the call for your questions. On the call our comments will include forward looking statements within the meaning of the federal securities laws. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those described in such statements, and the Company undertakes no obligation to update or revise these statements.

In addition on the call, we will discuss non GAAP financial measures. Investors can find a detailed discussion of business risks and reconciliations of non GAAP financial measures to GAAP financial measures in the Company’s annual reports, quarterly reports or other forms filed or furnished with the SEC.

At this time, I’ll turn the call over to Jim for his prepared remarks.

Thank you, Nancy, and good afternoon everyone. Today I’m very excited to let you know that we have delivered yet another record financial performance. The Company is firing on all cylinders, both strategically and operationally, and we’re headed for a fifth record year in a row. As a result, the Board and management of Six Flags have considered the strong momentum and taken the decision to set a new long term financial goal for the organization, $600 million of modified EBITDA by 2017.

I’m really proud of our Six Flags team. Q3 was in fact the highest quarterly revenue and EBITDA ever reported by the Company. We also set another new industry record for profitability with a modified EBITDA margin of 40.7%. And in addition, our guest satisfaction scores continue to reach new highs. Our 7% revenue growth and 8% EBITDA growth were achieved by ongoing execution of our business strategy, which includes delighting our guests, innovating guest focused products and services, improving the efficiency of our operations, building a high performance team culture, and of course, building shareholder value year by year. Our revenue growth was primarily driven by consistent implementation of our pricing strategy, which has been and will continue to be, the largest contributor to our long term growth.

Let me briefly remind you that for many years, prior to the current strategy, Six Flags underpriced its unique offerings and resorted to heavy discounts to attract guests. For the past four years, we have steadily chipped away at these discounts, while simultaneously raising the quality of the park experience. The 2014 season has been no different. We continue to implement the two main elements of our pricing strategy. First, we implemented mid to high single digit price increases; second, we continue to fence in numerous discounts. For example, in several parks we shifted to more Bring A Friend for $9.99 on certain dates in lieu of traditional Bring A Friend free offers. These types of programs are effective in achieving our goal of maximizing revenue, profit and cash flow, and we continue to have a multiyear opportunity to raise prices, tweak our approach to discounting and grow attendance.

We have seen great success with our Membership in Season Pass programs as evidenced by the 10% growth in the active pass base over prior year. Our Membership program is in its infancy stage, given that we introduced it in 2013. We believe we have further opportunity for higher adoption rates which should help grow attendance over time and enhance our recurring revenue base. Inside the park among other items, our food and beverage offering, and in particular our all Season Dining Pass continue to be an excellent growth driver for us in terms of both revenue and profit.

The 2014 season was the second full year of all Season Dining Pass and we see great opportunity for further penetration of this offering for multiple years to come. It is a tremendous value for our guests and it’s an excellent tool to grow revenue and enhance profitability. We have also made excellent progress with our international partners in developing Six Flags branded theme parks in those markets and we continue discussions with potential partners in other countries. We firmly believe this will be a sustainable, valuable and significant long term growth opportunity for the Company.

Based on our continued success and the probable achievement of Project 500, we have established a new long term aspirational target of achieving 600 million of modified EBITDA by the year 2017. As a reference point, our September trailing 12 month modified EBITDA number was $467 million. We believe it is important for both investors and our employees to keep eyes set on long term stretch goals while delivering strong returns on an interim basis.

We work very hard to be prudent stewards of our shareholders money. We intend to continue investing 9% of revenue into capital project, then return excess cash flow to shareholders in the form of dividends and share repurchases. We are extremely proud to be able to increase our quarterly dividend by 11% to $0.52 per share beginning with the fourth quarter 2014 dividend, our fifth consecutive year of dividend increases. At about 6% yield today, our stock has one of the most attractive yields in the market. Put into perspective, this is nearly triple that of the S 500 and we are committed to a stable and growing dividend year after year.

Our cash earnings per share on a trailing 12 months basis was $2.51, up 14% over the last 12 months. It has grown at 14% annual rate over the last three years, twice the growth rate of the S 500. In addition, our new project 600 target implies cash EPS of nearly $3.75, a 13% annual growth rate through 2017. At this time, I’m going to ask John to share a few more details on our third quarter financials. John?

Thank you, Jim and good afternoon to everyone on the call. I am extremely pleased with our continued success in generating revenue, profit and cash flow gains year over year. I’ll start with the third quarter performance followed by year to date results and finish with the review of cash flow and capital structure. So let’s dissect the numbers a bit. Total revenue in the quarter increased $37 million or 7.4% as a result of an 8% increase in admissions revenue, a 4% increase in in park revenue, a 3% increase in sponsorship and accommodations revenue and $5 million of international revenue.

Admission revenue per capita increased 8%
facebook besthairbuy to $25.87 as a result of our solid pricing gains partially offset by a stronger mix of Season Pass dependants. In park revenue per capital increased $0.61 in the quarter to $17.92 as our focus on new product offerings as well as the continued penetration of our all season dining passes continues to deliver volume increases. Attendance increased nicely by 50,000 to 11.8 million guests.

Adjusted EBITDA for the quarter grew $23 million or 8.4% to 291 million as a result of the strong revenue growth. So let’s move on to discuss the year to date and LTM performance. Year to date revenue is up $36 million or 3.8% driven by increases in guest spending per capita and $10 million of international revenue. We continue to be very pleased with the increase in guest per capita spending which grew 8% or $3.23 to $43.77 with strong increases in both admissions and in park spending.

We talked before about our strong focus on leveraging our cost structure, year to date cash operating expenses increased a modest 2.5%. The combination of strong revenue gains and cross leverage improved year to date adjusted EBITDA to $393 million, an increase of 25 million or 6.7%. LTM adjusted EBITDA now stands at $429 million with a modified EBITDA margin at a company and industry record of 40.7%, up 82 basis points from a year ago.

In the first nine months of the year we generated 234 million of operating cash flow after capital investments. We repurchased a $119 million or 3.1 million shares of our stock, paid $136 million in dividends and paid down $5 million of debt related to required amortization. Net debt as of September 30, was $1.232 million representing a 2.9 times net leverage ratio. The strong 2014 Season Pass sales, plus a strong unit sales of 2015 Season Pass has generated this fall, along with the continued growth in memberships, has increased our active pass base as of September 30, 2014 by 10% versus the same date last year.

Over the course of a season, Season Pass holders and members spend more of their parks than a single day visitor and so they are most valuable customers. Members behave very similarly to Season Pass holders in terms of visitation frequency and in park spending and the program provides the added benefit of higher retention and therefore higher stability in our revenue stream. With our LTM modified EBITDA now at $467 million, we have determined that the likelihood of achieving Project 500 by 2015 is probable. As such, we are required to begin and expensing the stock based compensation expense associated with that plan and accordingly recorded a $73 million non cash charge in the quarter. We will continue to accrue charges in future quarters although at a lower level than the third quarter charge until Project 500 is achieved.

Before I turn the call over to Jim, I’d like to briefly comment on our capital structure and capital allocation. The Company is in a great position. Our net leverage of 2.9 times adjusted EBITDA is about half since relisting and we have a relatively low cost of debt at 4.6%, of which 73% is at a fixed rate and 97% of our debt is not due until the end of 2018 or later. Our recurring revenue base, high cost management and disciplined approach to capital spending provides a consistent and growing cash flow stream. The strong cash generation, combined with our low financial leverage, makes me very comfortable with our decision to increase the dividend 11% to $0.52 a share per quarter beginning in Q4 2014, leaving ample room for future annual increases.

So, now I’d like to turn the call back over to Jim.

Thanks so much John. I am very proud of our record setting performance in the third quarter. As I take a step back, it is clear to me that our ability to consistently deliver record setting performance is really due to three factors; first and foremost, our employees. I said it before and I’ll say it again. Our employees truly represent our greatest asset. Through their relentless focus and execution they have transformed Six Flags into the most profitable and most consistently performing regional theme park company in the world. Second, our parks, we truly have the best theme parks located in some of the most populated and prosperous markets in North America.

As evidence of this, a recent survey by USA Today readers named Six Flags Magic Mountain in LA as the number one theme park in America, Six Flags Great Adventure in New Jersey came in a close second. The final reason, why we are able to perform so consistently is that we are exclusively focused on regional theme parks, which in my opinion is the most attractive subsector of the theme park industry. With only a few months left in our 2014 season, we are now intense on delivering our last few weekends of Thrills by Day and Fright by Night as part of our highly successful and growing Halloween event, Fright Fest. We had invested incrementally into this superb franchise over the last four years and it is paying back its big dividends with lots of room for additional long term growth.

Beginning in late November and through the balance of the 2014 season, we will turn our focus to holiday in the park where we decorate our parks with millions of lights and celebrate the cheer of the winter holidays. This year, we will introduce Holiday in the Park in two parks for the first time ever, Magic Mountain in LA and Six Flags Over Georgia in Atlanta, bringing the total to six parks. And we are confident our guests in those markets will truly enjoy celebrating their holidays at our parks and create the beginnings of a new family tradition. In most of our parks, we’ve already begun preparations for the 2015 season. Our Season Pass sales are off to a great start and much of the planning and construction for the new capsule is well underway. In typical Six Flags’ fashion, several of these will be world record breaking rides.

In closing, I am confident that we are very well positioned for the future. I am extremely proud of our Six Flags team and all they do to consistently deliver record breaking results. And we are solidly on track to deliver our fifth record year in a row. Indeed, our future at Six Flags is very bright. Wanda, at this point could you please open the call for any questions.

Good afternoon, and congratulations on the quarter. Jim, I guess, as we think about Project 600, can you just talk about how much of that is organic? And just, I assume it’s going to remain on a certain steady state portfolio. And also, how are you thinking about the incorporation of the international asset light opportunities into that metric?

Joel, it’s great question. And as you know, we don’t ever break out any future related projections. But what I would say is this; first and foremost, I consider it all to be organic. There is no M in other words we’re not going out to buy anything. But it will be driven by our own North American business and by this relatively new international licensing business that we have developed, so those will be the two major drivers and obviously within those there are subsets of each and I think I mentioned in the comments earlier that the single greatest driver we believe will be pricing.

I think that’s a fair question and I think that I want to outline, I think John has said it before and I would reinforce it for the group. Our goal is to drive revenue, profitability and growth in cash flow. That’s the number one priority. We like to get attendance but everything we do will be driven to try to get our profitability and cash flow up. Now, we do think we are going to get attendance growth, as we mentioned our active pass base is up about 10% at the end of the quarter and we’ve seen very nice Season Pass growth. So we think that in 2015 we should see nice attendance gains but we will not commit to that. In our goal it’ll always be to optimize for profitability in cash flow.

Benefits of Apple Cider Vinegar for Hair Loss

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Remove Build Up

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And The One He Wanted Dead

And The One He Wanted Dead

Amber was cool, slim, and fiery and a favorite among those of us who spoke of such things during breaks in the action, although Starlita was easily the most exotic; she looked like a Mexican princess dropped into a southern murder trial. Michelle was the pretty little girl next door. Monique was innocently cute. Trisha, Rae’s current squeeze, was . well, a tad young looking. But she was pretty enough for you to understand why Rae would nod at her each day when, sandwiched by grim bailiffs, he left the courtroom nodding as if to say, Hey, babe, don’t worry: you’re the one now. And I swear, she believed it.

As the weeks passed and the women came and went, I would look over at Rae and stare at his profile, which never changed, because Rae never changed expressions, even during the closing argument, when the lead prosecutor played the 911 tape of Cherica Adams’s moans: sounds from beyond the grave, all sputtering utterances, atonal syllables so skin crawling that throughout the courtroom shoulders heaved in sobs. But Rae’s face flinched not at all. Animated and emotional and expressive as the women were weaving and looping their tales of his goodness and his charity Rae remained a well tailored sphinx.

And so, day in, day out, I’d ask myself a question. Not what they all saw in him; the first look at Rae explained that: this baby face, the contours all smooth and rounded, the outward downslant of his eyebrows giving him this puppy dog swatted with a newspaper look. Girls loved to take care of Rae even before he became a millionaire. No, the question I kept asking myself was this: If Rae Carruth loved women so much, why did he keep threatening to have them killed? How, if he gathered women around him like a cocoon, if he thrived on them and fed on them and drew sustenance from them, could a man get to a point in his life where he routinely considered disposing of them? And how could such a man wind up finding a home even flourishing in the National Football League?

Well, because he really didn’t like women at all. (He liked to fuck them, and he liked their attention, and he liked the idea of them, but he didn’t like them.) And because he was accustomed to violence. And because he was making a living in a league in which a man and his basest instincts are encouraged to run wild. Well, he was until recently, anyway; Rae doesn’t play football anymore. He’s in prison up in Nash County, where he won’t have to worry about women and women won’t have to worry about him, and as his crime swiftly seeps into the background noise of the culture, we’re already starting to act as if we didn’t have to worry about Rae Carruth anymore. As if the whole episode were an aberration.

Football is a violent sport, growing far more violent and mean and attitudinal every year, and it has been played by men who have traditionally been violent against their women. This has been the case since Jim Brown, the greatest running back ever to play the game, garnered the first of a half dozen charges of violence against women, ranging from spousal battery to rape to the sexual molestation of two teenage girls. Brown, who has never been convicted of a single charge, begat O. J., the second greatest running back, who, at this writing, continues to seek out Nicole’s true killers. O. J. begat Michael Irvin of the Dallas Cowboys, who, prior to one of his frequent cocaine sex bacchanals a few years back, cavity searched one of his girls a little too hard for the liking of her cop boyfriend, who then took out a hit on Irvin. It wasn’t just Irvin who dodged a bullet that time. It was the NFL, which retired Irvin with pomp and circumstance.

This year, of course, Super Bowl MVP and murder defendant Ray Lewis, who has twice been accused but not convicted of hitting women, commanded headlines and earned full forgiveness at the hands of a most understanding media machine. Wearing a Giants uniform in the same Super Bowl was Christian Peter, a man accused of so many crimes against women in college that public outcry forced the Patriots to drop him within days of drafting him in 1996. Lost in the shuffle but not forgotten, Corey Dillon and Mustafah Muhammad and Denard Walker contributed, each in his own way, to this long standing tradition. On the day he ran for a record 278 yards, Cincinnati’s Dillon, now arguably the game’s best running back, was facing charges of striking his wife; after the season, he plea bargained to avoid trial. His uniform was sent to the Hall of Fame, where it now keeps company with the memorabilia of Brown and Simpson. As for Walker, he played for Tennessee last year after being convicted of hitting the mother of his son. He then declared himself a free agent and was courted by several teams until the Denver Broncos anted up a cool $26 million. Muhammad, a cornerback with Indianapolis, led his team into the playoffs last year after being convicted of hitting his wife. And let’s not forget the domestic assault conviction of Detroit’s Mario Bates or former Packer Mark Chmura’s troubles surrounding his dalliance with his seventeen year old baby sitter.

Ultimately, the league refused to ban Ray Lewis and his brutal peers because it needed them on the playing field, and that mandate speaks more loudly than a lecture about good citizenship especially to a remarkably immature kid like Rae. After all, little boys don’t like little girls, and what was Rae Carruth other than an overgrown boy, a bundle of muscle and fiber jerry rigged to play a game? Of course, most kids grow out of that stuff. It’s the rare one who is allowed to harbor his playground sexism until it blossoms into monstrosity.

He came from the place so many seem to come from; only the details vary from kid to kid. Rae didn’t grow up with his biological father. As a child, Rae split time among several houses, including his mother’s, set in a neighborhood of squalor and dismay on the south side of Sacramento on an avenue where vandals routinely set cars aflame and her sister’s place in a nicer part of town, absent the bars on the windows. Even then, even before he was showered with privilege, Theodry worried about the sharks and the vultures preying on her son, "the guppy."

This is how she describes him. This is why she describes herself as "the piranha" when it comes to protecting her son. To know Rae Carruth and to understand the course he chose to take, to divine the nature of his particular rebellion because isn’t that what all our adolescent contrarinesses are? rebellion against what was lacquered onto us beforehand? you must first know Theodry Carruth. There is a hardness and a strength to her, and they seem like the same thing; she seizes the space she is in and commands it from on high.

Theodry Carruth’s vigilance over her only son’s upbringing paid off at least in the short run: Rae’s grades at Valley High School were solid, he stayed out of trouble, and big colleges came calling. In 1992 Rae went off to the University of Colorado. Back on the infernal block on Parker Avenue, Theodry Carruth turned one of the rooms into a miniature shrine where family and friends gathered to sit in mock stadium chairs and watch Rae’s games from Boulder. It was called the Rae of Hope room. Neighborhood kids would set it on fire a few years later.

At Colorado, Rae’s coach Bill McCartney was a demagogue. On the field, McCartney was known for teams that played hard and thuggishly. Off the field, he was known for the conversation he’d had with God. One day God told McCartney to found the Promise Keepers. Soon thereafter, at McCartney’s urgings, tens of thousands of fathers and husbands took to gathering in football stadiums across the land to beat their chests and flagellate their souls and collectively recommit to their gender. The subtext of the Promise Keepers was a patently sexist one, of course: portraying women as worthy beings but regarding them, ultimately, as secondary, as biblical chattel.

But beneath the roar of McCartney’s fire and brimstone, his daughter was getting pregnant by two different football players in four and a half years the first, the star
besthairbuy facebook quarterback, wanted her to abort the fetus; the second sired his child during Rae’s freshman year. This only proved that when you climb too high in the pulpit, it’s easy to ignore the funky stuff going on under your nose. Especially if you’re a member of the sinning crowd: McCarthey himself quit on his Colorado contract after Rae’s third autumn in Boulder. Broke his promise, if you will.

Rae’s college athletic achievements were legendary in one game alone, he had seven receptions for 222 yards and three touchdowns. In 1997 he entered the hallowed fraternity of first round draft picks under the watchful wink of the NFL. The Carolina Panthers took him as their first selection, number twenty seven overall. Like all rookies, he would be instructed on how to behave. But like his first round peers, he knew what had actually just happened: he’d been ushered into a land of entitlement, where the only promise he’d really be held to was the promise he’d shown thus far on the playing field.

He immediately signed it over to his seventeen year old girlfriend in Boulder, Amber Turner, and told her to go ahead and set up house for them in Charlotte. Amber was a stylish and precocious beauty, a high school senior. (Even as a fifth year college senior, Rae’s tastes still tended toward postadolescence.) His girlfriend in high school, Michelle, had been a sophomore when he was a senior, and she’d just turned eighteen when Rae got her pregnant on a visit back home from college. He’d waffled about whether or not to have the baby from day to day. Michelle wasn’t surprised at his indecision. She says she knew him as a man of many moods. He could be a real joker, or he could be a cipher, or he could even be, in the dark moments, the Devil himself.

In the center of the place, beyond the sunken bar, is the main stage. But the dancers are not the only attraction; above the stage looms a huge television screen, like Oz’s mask, eternally tuned to ESPN, so that the allure of even the most seductive sirens competes with huge images of men being tackled and talking heads blathering about blitzes. In a very real sense, the women at the Men’s Club are just another product, with this exception: there is nothing real about them. The tattoos on the soft planes south of the hipbones are frosted over with pancake makeup. Their names are as false as their chests.
facebook besthairbuy They are stage actors. They are not meant to be the stuff of reality.

Despite a terrific rookie season on the field Rae earned a starting position at wide receiver and finished with an impressive forty four receptions Rae’s home life soon proved rocky. Amber went home after that first season. He found her too possessive: she was jealous of all his other female friends. And there would be many female friends. There was Starlita, whom Rae had so charmed in a barbershop one day that before she’d finished having her hair done, Rae had taken her young son down the street for pizza. Soon Starlita thought Rae was the best thing in Jacobe’s life. Rae was worried that Starlita was turning her son into a mama’s boy. (Rae always harped on that. And what was Rae if not a mama’s boy?) There was Fonda Bryant, who kept a picture of her son on her desk at a radio station Rae visited one day, and before long the boy was spending nights at Rae’s. Rae was exactly what the boy needed; Rae was firm about staying away from alcohol and drugs, firm about making sure the boy did his homework. When they played, Fonda couldn’t tell who was the kid and who was the adult.

And yet Rae hardly ever visited his own child. He gave Michelle grief about breast feeding the kid and hugging him so much he worried she was making Little Rae soft. So Michelle sued him for child support: a judge granted her $5,500 a month. She offered to lessen it if Rae would come home and visit more. He promised. He didn’t. In the meantime, Amber went back to Charlotte for a quick visit. She got pregnant. As Rae’s responsibilities and missteps threatened to collide, as his little kid appetites met his stunted ability to cope with adversity, he began to consider a solution both novel and bizarre on the surface but certainly logical in the context of a man who regards his women as disposable and dispensable: any time he’d get a woman pregnant, he’d threaten her with death.

Cherica Adams worked in the Men’s Club boutique. She also danced under an alias at a different bar over on the stages of the Diamond Club, a slightly more frayed entry in the topless club genre, a place where a dancer is likely to be visiting from her home club in Buffalo for the long weekend, to pick up a couple of bucks, leaving the two year old back with her grandmother. Cherica Adams was a very attractive, baby faced young woman who moved with a glittery crowd and felt equally at home backstage at a Master P concert or courtside at the 1998 NBA All Star Game in Madison Square Garden, where several players, including Shaquille O’Neal, came by to say hello to her.

He was taking grief from teammates and friends about letting a stripper use him, about her boasting all over town that she was carrying Rae Carruth’s baby and wasn’t going to have to work anymore. By now Rae’s circle of male friends had expanded. Tired of the slick jocks in the Panthers’ locker room, he was glad to finally meet some people who were real. This new coterie included a man named Michael Kennedy, who had dealt crack, and a man named Van Brett Watkins, who had once set a man on fire in the joint and stabbed his own brother. Watkins, too, had unusual ways of showing love to his women. He’d once held a meat cleaver to his wife’s face.

Frequently injured, no longer a starter, Rae had by now become that singularly sorry football phenomenon: a first round draft pick gone bust. Taxes and agents had taken half the bonus. He’d invested in a car title loan scam that had promised the trappings of easy money and lost his money. He’d hired former wide receiver Tank Black, later indicted on fraud charges, to manage his money. He’d signed a contract on a new house, but he’d had to pull out when he couldn’t get the financing, and the owners had sued him.

They’d have heard Rae’s car pull forward and disappear up Rea Road, and Kennedy making a U turn to go the other way, and Cherica’s BMW weaving down a side street until it crawled to a stop on someone’s lawn and she bled out her life onto the front seat. They’d have heard the moans. They did hear the moans, in fact; the woman who lives in the house where Cherica ended up that night told me she’d never forget the moans. But she wouldn’t give me her name, and she wouldn’t open the door more than a few inches, just far enough to flick out her cigarette ashes.

The creak of the knee braces Rae wore beneath his pants to keep him from fleeing was the only sound in the courtroom when he was led in to hear the verdicts, one day shy of his twenty seventh birthday. Out the smoked windows in the back of the courtroom, black clouds huddled on command and great Gothic spills of water tumbled out of the Southern sky as Judge Charles Lamm pronounced the verdict of a jury of Rae’s peers: guilty of three of four counts, including conspiracy to commit murder. Innocent of first degree murder.

6 Reasons Why Hair Transplant Surgery Is Not For Everyone

6 Reasons Why Hair Transplant Surgery Is Not For Everyone

A Hair transplant surgery may not be for you in fact, some people have been so disappointed and even angered about their results that they have filed class action lawsuits against hair
http://www.tedhair.com transplant surgeons and clinics.

Here are 6 reasons they give for their dissatisfaction.

1. Creating Scars. All hair transplant surgery will create small scars. Some people find them unacceptable. They want to wear their hair short, and they see the scar peeking out from under their hair, even if no one else does.

Of course, there are also physicians with poor skills who create large scars and people who are prone to scarring. Hair transplant scars are a sore subject for man people.

2. Underestimating Procedures. Certain surgeons and clinics underestimate the number of procedures necessary to achieve the desired effect. This leads people to have a false hope of having a full head of hair in a very short time.

When this does not happen, they are understandably angry. They did not get what they were promised.

3. Underestimating Price. Surgeons usually do give some sort of estimate of the cost of the entire procedure of a hair transplant. A reputable surgeon will emphasize that it is only an estimate and that things may change once the procedures are started.

Also, she will give an honest accounting of what she expects the procedure to cost.

An unscrupulous surgeon, on the other hand, will distort the facts about his hair transplant procedures. He will try to get the patient started by stating that the price will be very low.

He will know all along that the procedures will cost much more, but he will lowball the price anyway just to get the patient started so that they have to finish.

4. Uneven hairlines. Some people who have hair transplant surgery end up with uneven hairlines. This is caused by the oversight of negligent doctors. If a person gets to work with a reputable surgeon, things like this just do not happen.

However, if someone has seen
wholesale wigs a person with this problem, it will likely turn them off to hair transplant surgery for good.

5. Doctors Who Put Money above the Patients’ Interest. Any doctors who make decisions that are not based on the welfare of his patient are following their Hippocratic Oath in its intentions.

Doctors are held to a high standard and when a surgeon tries to convince a patient to get hair transplant surgery when it is not best for him, he is not really acting as a doctor should. The horror stories are out there and many people are aware of them.

6. Old Fashioned Plugs. People with the large plugs that look like doll’s hair or toothbrush bristles are still around. While this type of hair transplant is rarely done anymore, the effects are still evident among people of a certain age.

If someone who knows one of these people has a balding problem, they are not likely to think of hair transplants. The only way they would is if they have some other, good, experience with them.

Also there is a higher rate of suicide following hair transplant and other cosmetic surgeries. This is partly because the patients are disappointed that their lives do not miraculously change overnight.

We Explain Hollywood’s Favorite Hair Highlighting Trends

We Explain Hollywood’s Favorite Hair Highlighting Trends

You’ve done it. You’ve made up your mind. You’re ready to highlight your hair.

But with so many techniques and trends out there of which are costly and time consuming, which style do you opt for and what’s the difference between them?

To give you a
http://www.tedhair.com better idea of what might work best, we tapped celeb colorist Jennifer J to help us define four major hair highlighting trends right now. Because "you should always have a clear plan as to what color you are going to get, how it will affect your hair and the maintenance," she said.

Timing: 30 90 minutes

Great for: Those looking for a natural looking contrast

"Balayage is a French word for sweep," said the colorist. "Technically, it means that you area painting highlights on the hair in a sweeping motion." Highlights will be in chunkier sections, making it seem like the sun naturally lightened the hair. Because no foils or meche is used to apply product,
http://www.tedhair.com sections are less saturated than typical highlights and regrowth lines are less noticeable. Your hair will look just as good whether it’s one week or one month from your initial salon appointment.

Review of old forensic hair cases begins

Review of old forensic hair cases begins

Massachusetts State Police began reviewing cases where its crime lab analysts conducted the kind of pre DNA forensic hair analysis that has since been widely discredited, a review that parallels one by the FBI that has already led to wrongful convictions being reversed.

A state police representative confirmed to 5 Investigates’ Karen Anderson that a temporary employee has begun searching for cases where state police crime lab analysts conducted microscopic hair analysis. The search is being paid for with a grant.

The separate FBI review has already uncovered hundreds of cases where the bureau admits its own analysts gave flawed testimony, saying or implying that hairs found at crime scenes matched or likely matched hairs taken from defendants.

Serious criminal cases including rapes and murders all over the country are being reviewed and in some cases overturned because of the FBI’s review. In some cases DNA testing, not available at the time, has exonerated people whose hair was said to match or likely match hairs found at crime scenes.

The news that the state police has begun its own review is welcome news to Lisa Kavanaugh, director of the Committee for Public Counsel Services’ Innocence Program.

"CPCS is pleased that the lab has begun its review of cases and looks forward to moving on to the next phase of this collaborative hair review project in partnership with the Middlesex DA’s office and the New England Innocence Project," Kavanaugh said in a statement.

In an interview last May, Kavanaugh said it is "quite possible that innocent people are in prison due to flawed forensic testimony that came out of the Massachusetts State Police crime lab."

The Committee for Public Counsel Services, often referred to as the state’s public defenders, have already worked out an agreement with Middlesex District Attorney Marian Ryan’s office to jointly review any cases flagged by the state police review.

"We are pleased that this collaborative project is moving forward to its next step. The integrity of prosecutions is of paramount importance to us," Ryan’s office said in a statement.

The FBI review is also being conducted with attorneys for the Innocence Project and the National Association of Criminal Defense Lawyers.

5 Investigates found one case that raises questions. Michael Sullivan was convicted of a 1986 murder with the help of a state police analyst’s testimony that hairs in Sullivan’s pocket were "consistent" with the victim’s. Questions over the hair as well as blood evidence got Sullivan’s conviction overturned. He’s awaiting a new trial.

SKROEPS. FAULTY FORENSICS HAS SENT INNOCENT PEOPLE TO PRISON. NOW STATE POLICE ARE TAKING ANSWER. NOW STATE POLICE TELL 5 INVESTIGATES THEIR OLD REVIEW OF OLD CASES HAS BEGUN. WELCOMED NEWS TO THE PUBLIC DEFENDERS INNOCENCE PROGRAM WHO TOLD US IN MAY I THINK IT’S CERTAINLY QUITE POSSIBLE THAT INNOCENT PEOPLE ARE IN PRISON DUE TO FLAWED FORENSIC TESTIMONY THAT CAME OUT OF THE CRIME LAB. A TEMPORARY WORKER PAID WITH GRANT MONEY WILL EXAMINE STATE POLICE CRIME LAB CASES BETWEEN 1980 AND 2000 WHEN DNA TESTING BECAME MORE WIDELY USED. 5 INVESTIGATES FOUND ONE CASE THAT RAISES QUESTIONS. MICHAEL SULLIVAN WAS CONVICTED OF A 1986 MURDER WITH THE HELP OF A STATE POLICE ANALYST TESTIMONY, THAT HAIRS IN SULLIVAN’S POCKET WERE CONSISTENT WITH THE VICTIM’S. QUESTIONS OVER EVIDENCE GOT SULLIVAN’S CONVICTION OVERTURNED. HE’S AWAITING A NEW TRIAL. TOLD US IN MAY OUR MISSION IS TO MAKE SURE THAT JUSTICE HAS BEEN DONE.

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