SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Roger's 1998 Short Picks
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: RockyBalboa who wrote (13066)8/23/1998 10:46:00 AM
From: BDR  Read Replies (2) of 18691
 
Re: Allegheny failure.

No I don't know which listed companies will be affected by Allegheny's collapse. It might take some research of documents filed to see who the creditors are and I am not sure how public that is. I expect the greatest pain is being felt by smaller local creditors. There has been so much consolidation in the medical field that the large listed companies that may have dealt with Allegheny are probably very big and, though the failure is a pain, the failure will be a small part of their overall operations. That said, I am sure there are going to be some intermediate sized companies that may get taken down with Allegheny.

As an example of the kind of pain that can be brought about in this situation, I read about a medical group in California that sold their operation to FHS last spring. At that time the stock was trading at perhaps $20 a share (I'm guessing). The docs gave up direct ownership for equity in the larger company and took positions as employees. This is the "smart" thing to do. I know because all the consultants in Armani suits tell me so at every conference I attend that has a session on practice management. With bankruptcy their shares were trading at 1/8 and they may get fired.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News