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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis

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To: Q. who wrote (1374)	7/10/1998 11:34:00 PM
From: drakes353	Read Replies (3) of 2506

John: The plan is to get it up on AOL by October. Read an article in the Philadelphia Business Journal.... (see it here ----> amcity.com ) ......that says the "hope" is that they will do $80 - $100 million a year in premiums through AOL. Those numbers do seem a wee bit aggressive, health insurance ain't really the same thing as long distance. They are paying $8 million for the "exclusivity" thing and have partnered with HPS to deliver the service. Here's a graph of HPS' recent trading: quote.yahoo.com HPS put out a profit warning after the close yesterday. Plans for a "major restructuring" in the works. Troubled companies seem to travel in packs, don't they? drakes353

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