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Strategies & Market Trends : Value Investing

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To: Michael Burry who wrote (8207)9/11/1999 1:34:00 AM
From: jeffbas  Read Replies (1) of 78817
 
I have always thought this was a good company and certainly will start watching it now. Two key things caught my eye in the announcement:

-The size of the restructuring charge was startling for what it supposedly covered.

-The health care system seems generally to be under a lot of financial stress. Slow pays everywhere and particularly by HMOs to them is quite a concern. I hope this isn't going to be a survival of only the fittest situation - and reminds me a bit of the railroads many years ago and the steel companies somewhat more recently.
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