Oxford Health Plan (OXHP) Message Board

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Biotech / Medical : Oxford Health Plan (OXHP)

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To: Lee A. Rosin who wrote ()	11/17/1997 9:30:00 AM
From: Worswick	Read Replies (2) of 2068

Marcie It is probably inevitable that OXHP is bought out because management doesn't have enough ownership to stop it and they own only 6.5% of the common. Perhaps as many as 60% of the shares in OXHP have traded in the last three weeks. So... given that a buyout is inevitable who shall it be: Aetna? Cigna? Prudential? Then, what is the price? 1.3 cash flow? At $4.1 billion cash flow that is $5.4 billion. 1.5 cash flow: $6.l5 billion. Divide by 78.8 million shares: that is, $68 to $78 a share on the low side. One goes up from here to two times and three times cash flow Remember that in October the S&P mid cap report said that a fair value for OXHP was $102. a share. AT THAT the same service said that Intel was fairly valued at $77 a share. A basis of comparison of this service and it's tough minded ratings. The only question here is probably the price. Unfortunately. I'd love to hold this stock for ten years. It is a great company with one or two warts. Not cancer. Let's get some feedback. This thread is tired. And this is real money were talking aobut here.

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