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Biotech / Medical : Oxford Health Plan (OXHP) -- Ignore unavailable to you. Want to Upgrade?

To: Michael Burry who wrote (379)	12/8/1997 11:48:00 PM
From: men mailman	Respond to of 2068

I agree with you 100% that I do not see the Wall St. article as negative at all. Yes, they seem to be comfortable with 400,000 new members. At a value of a very conservative $1,000 each that adds $400 million or $5 per share value. If you figure $2,000 it is double the amount. In any event not so bad at all .

To: Michael Burry who wrote (379)	12/9/1997 3:08:00 AM
From: Thomas Haegin	Read Replies (1) \| Respond to of 2068

Re: Bullish FWIW, I am. Thomas

To: Michael Burry who wrote (379)	12/9/1997 7:46:00 AM
From: jeffbas	Respond to of 2068

Mike - the latest earnings report mentions that most of recent growth is "fully-insured". The fully-insured group health market is usually a 3-legged stool -- the insurance company, the employer and the consultant. They may hit growth projections and they may not. I would certainly think that they would have a tough time - until their situation is fully known - getting consultants to risk their relationship with their employer clients by recommending Oxford. (In other words, I would take seriously the related remarks in the press.) Have you seen any full page newspaper ads talking about the company's financial strength, doctor networks that meet their insured's needs, etc.? Until this kind of damage control is seen, and until the audits are completed it probably can't be, the company is not doing or able to do the right thing to preserve or enhance its market position. (What do you think the Aetna sales VP is saying before the consultant in a "finals" presentation for a new customer, or existing Oxford customer.)

To: Michael Burry who wrote (379)	12/9/1997 9:00:00 AM
From: robt justine	Read Replies (1) \| Respond to of 2068

Mike: I am sorry that you did not fully read my post. My first sentence to you was: <<Mike: I agree with you on the very long term on this one.>> Therefore, may I assume that your following post to me is rhetorical? <<So what's the fear, that NY will shut Oxford down? Who here thinks that will happen? Can NY do it? No.>> I know in the midst of change there is fear. But rather than lash out, it might be wise to consider the implications of what I have termed a public arm twisting by NYS. I do not consider serious legal repercussions over the long term other than the cache of shareholder lawsuits which will be more of a drain on legal expenses. But I DO expect the arm-twisting to come in the form of further writedowns whether management feels comfortable to date or not in this area. Further writedowns will, IMHO, bring the analysts back to their drawing boards and earnings adjustments come down, time horizons move out, the stock moves down (yes, short term). As I've said before, I think the risk/reward ratio is unsatisfactory at this level with such further financial disclosures being very possible. Mike, I have respected your opinion in the past and enjoy reading the value thread which you have started. But my comments have been prompted by your disclosure that you have gone beyond the normal level of investing within your own porfolio for this one issue. I believe that emotion has entered the picture for you and it may be clouding the picture. (And, I know, it is none of my business:-) end of speech; not to be brought up again) I, of course, speak as an authority in the area of losing money by overly aggressive investing in situations as these. ;-) Graham's theory didn't hold for Buffett in the Buff Eve News and, as I said, doesn't hold here. All IMHO.