Do you remember Columbia/HCA ???
Just like COL, OXHP will start to rebound as the negative reporting stops. CNBC should be embrassed. They have gone from a helpful show to a joke. I'm not talking just about their reporting of OXHP troubles I'm talking about the show in general. Cut the chit-chat and report the facts.
In Oct. with OXHP trading in the 70's you had 13 analysts with buy recommendations, 6 buy/hold & 4 hold. Now you have 4 buy, 2 buy/hold & 15 hold. I guess the idea is to buy high and sell low.
Remember CCI,CMB in '90-91, WX in '92, IBM,MO,BA,MRK in '93 and most recently T. The time to buy stocks is in adverse conditions. If you were buying OXHP in the 70's & 80's you were taking a risk. Now the market has taken care of 84% of your risk from OXHP's high of 89.
OXHP's 2 mil members aren't going anywhere. How many of their members do you think know of OXHP troubles in the stock market and how many do you think care? Once the doctors get paid, which is happening now, they will quiet down. The doctors can't afford to turn away from an HMO with so many members. If you know a member of OXHP plan ask them what they think of it. They love it. Ask them if the had to pay $20-$30 per visit is stead of $10-$15 would the care. They don't. The want the right to choose.
The insider selling was reported in the first two weeks of Sept. It was on Bloomberg, in The WSJ, Barron's. It was there for everybody to see. There was nothing illegal about it. Everybody chose to ignore it, including the analysts.
I could go on but I think I made my point !!! |
