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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: hotlinktuna who wrote (27356)	12/3/2001 5:25:39 PM
From: JoeinIowa	Read Replies (1) \| Respond to of 29382

Tuna, I like that more patience than money. LOL. I have two boys and most of the time it seems I have little of either. LOL. Here is the statement from UAHC that gives me a lot of confidence in where they are heading. "Brooks and Moses noted that the company's cash, cash equivalents and short-term marketable securities position had risen 17 percent to $28,887,000 at September 30, 2001 from $24,766,000 at June 30, 2001; its working capital had risen 53 percent to $5,552,000 from $3,622,000; and its current ratio (current assets to current liabilities) had increased to 1.20 to 1 from 1.14 to 1. The company's principal source of funds during the quarter ended September 30, 2001 came from net operating activities, they said. Moses said United American was pleased with the continued increase in its cash position. ``Besides enabling us to meet any increases in reserve requirements, this kind of position offers a number of possibilities, including using part of it to buy back some of our stock, to invest in expanding marketing activities in Michigan and Tennessee, to explore acquisitions of other HMOs in either or both markets that would provide a fit with our current operations, or possibly even to declare a dividend." Joe