Oxford Health Plan (OXHP) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : Oxford Health Plan (OXHP)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: men mailman who wrote (260)	11/24/1997 8:16:00 PM
From: Christopher White	Read Replies (2) of 2068

MM, I'm not touching OXHP this week, either long or short. As for short interest being a bullish indicator, I beg to differ. It has been my experience that in many cases, a permanently high level of short interest indicates a company with substantial problems and that the shorts eventually get their pound of flesh. The Oct 3d Value Line has the parliculars of OXHP's balance sheet illustrated a bit differently than you do. Book value for 1996 is $7.73/share with 1997 estimate of $11.85/share. As for OXHP's current position, that $8 in cash/share, is offset by current liabilities of $639 million (as of 6/30/97) or $8.95/share for 77 million shares - with all their healthcare automation systems problems, I doubt even the management of OXHP knows for sure the actual current liabilities of the company at this point. As for future earnings, well there is a lot of uncertainty there - otherwise the stock wouldn't be languishing in the low 20's. Christopher

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next