Value Investing 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.

Strategies & Market Trends : Value Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Michael Burry who wrote (2710)	12/10/1997 12:30:00 AM
From: James Clarke	Read Replies (3) of 78526

Oxford - I was on the road today, so I hadn't read the latest news when I posted my thoughts on Oxford ten minutes ago. I'll stand by most of it, but I deserve what I get for posting a "holier than thou" post without being up to date. Mea culpa. Thanks Mike for notifying me of the new developments - I didn't want to sleep tonight! My read of it is that there is a lot of new information. I don't worry about non cash charges unless they tell me something about future cash flows. The admission that government payments for Medicare don't cover costs was astounding to me. You've got to be an idiot to lose money in that market. Congress has given the HMOs a virtual licence to steal. But the last paragraph of the news release was very positive. One of the big concerns is that Oxford would have to restate past earnings. KPMG's blessing of their past financials is a dodged bullet. That's value investing. A company tells you that the past financials were correct and you consider that a positive.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next