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Biotech / Medical : Oxford Health Plan (OXHP)
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To: men mailman who wrote (206)11/22/1997 5:18:00 PM
From: mike zeltser  Read Replies (1) of 2068
 
Let me repeat my post about OXHP's balance sheet. If you are at all familiar with insurance company accounting or rudimentary financial statement analysis, you might want to see your investment thesis in a different light.

To: Roader (159 )
From: mike zeltser
Wednesday, Nov 5 1997 7:48PM EST
Reply #167 of 247

That $650 mil. in cash is not "free" cash in that there are substantial medical payables
on the liability side of the balance sheet. The co. would need to use that cash to pay
future claims. Thus, you can't consider that cash total as free for discretionary spending
purposes.
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