<<As to backruptcy claim made by an earlier poster? pahleeeezzzzz, won't even touch that.>>
Agreed. By my calculation, the company has 200-250M in short-term
(<6 mos) liquidity left. Make no mistake the 164M NY + 28M other
hit to AP is serious. And management has integrity issues.
There are problems here, and given management's recent integrity
problems, investment here is now speculation. But KPMG certified
their > $1B in AR and Cash, which is heartening, and the WSJ
article assured us that patients and doctors are not fleeing.
After my article, I got hate mail, but I also got good testimonials
as to OXHP's ability to please patients and doctors. The story
is not all bad. Long term, this one should do well, but only
barring further disclosures from management. Remember the
Medicare restructuring charges that are sure to come down the
pipe. I posted my current opinion on my web site. We all knew
we weren't buying an all-good story. The whole world is hating
this one now.
Let me quote from Microsoft's Research Director Nathan Myhrvold:
"We're either really smart or really stupid. Whenever you're
greatly at odds with the rest of the world, one of those
two things is true."
Good Investing,
Mike
BTW, I authored a review of the Buffettology book on
investor.msn.com that is up tonight. It goes
through Buffett's methods. It provides a 5 year spreadsheet
for doing his ROR calculation.
My web site provides a 10 year spreadsheet. |
