Oxford Health Plan (OXHP) Message Board

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Biotech / Medical : Oxford Health Plan (OXHP)

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To: Stephen M. DeMoss who wrote (658)	12/25/1997 12:39:00 PM
From: Premier	Read Replies (2) of 2068

Steve: IMHO. Premium increase is very likely. This action should cause minimal defections because their rates are on the low side and competition is raising the rates anyway. A company sells new equity if it feels its stock is overvalued and it sells debt if it feels its common stock is undervalued. Wiggin's action will send a message to the market. A sale of minority interest will bring new capital to the company but it will be dilutive. The regulators have asked the company to appoint two outside board members and strengthen the management. OXHP's fraud unit has five employees, an increase in satffing in this area would achieve significant saving to the company. Even though stock price may continue southward over the short term, IMHO, the talks of OXHP's death are premature. Premier

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