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Strategies & Market Trends : Value Investing
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To: jeffbas who wrote (7775)7/16/1999 12:24:00 AM
From: Michael Burry  Read Replies (3) of 78516
 
No doubt, I agree - the risk is in the legislation and anti-HMO politicking. But "health care is like tobacco." The prices of some of these companies already reflects worst-case scenarios. In PHSY, I see one that is actually outperforming its rivals, but not reflected in the stock performance. Patients' rights legislation will go nowhere, IMO. Sad but true.

Mike
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