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Strategies & Market Trends : Value Investing
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To: James Clarke who wrote (2714)12/10/1997 11:03:00 AM
From: Michael Burry  Read Replies (2) of 78565
 
Re: OXHP Let me throw this out from the WSJ

<<Oxford will also add $36 million to reserves required in New Jersey and
Connecticut, bringing its total to $1 billion>>

I don't see that $1 billion. 164 million + 36 million +
550M = 750M. Even if they are including the 90+M from the
3rd Q, which they shouldnt since it's already on the 3Q
balance sheet, the company should still have $150M in
AR and Cash above AP.

I've stepped to the sidelines until I can find out what
is really going on. Help appreciated.

Mike
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