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Biotech / Medical : PHP Healthcare

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To: james bravick who wrote (67)7/27/1998 8:02:00 PM
From: Jim Mac  Read Replies (1) of 136
 
If anyone tries to short PPH on the way up, they may drive it higher, since the supply of shortable shares is zippo, and brokers will have to go into the market for shares.

PHP has bought back BIG MAJORITY of preferred, if not ALL by now, so the preferred situation is essentially settled. No dilution, since the small number of remaining preferred will convert at increasingly higher prices over the next 5 months as PPH rises on earnings and cash flow.

I'm looking forward to the potential Salomon Smith Barney upgrade from "neutral" to "buy" after earnings, and the effect that will have.
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