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Biotech / Medical : Oxford Health Plan (OXHP)
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To: Peter who wrote (446)12/10/1997 9:22:00 AM
From: Michael Burry  Read Replies (1) of 2068
 
<<Let's see....write off of 164......loss of 120......earnings of 44Mil?>>

Not exactly. That's what I thought, but the conference clarified
that you have to subtract an 18M dollar one-time gain
from that 44M. Plus there's going to be an additional charge
of like $28M for non-NY subsidiaries. And there are sure
to be additional charges down the road for "restructuring
Medicare."

Hey I'm looking for upside too. The upsdie is not in the numbers
(which resemble the pits of hell),
but in OXHP's regional franchise among the patients and, yes, the
providers.

Good Investing,
Mike
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