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

To: Peter who wrote (446)	12/10/1997 9:14:00 AM
From: johny	Respond to of 2068

What is the significance of the extremly low volume? No much sellers left? Maybe most of those who were to bail out did so in this last week of heavy trading..

To: Peter who wrote (446)	12/10/1997 9:22:00 AM
From: Michael Burry	Read Replies (1) \| Respond to of 2068

<<Let's see....write off of 164......loss of 120......earnings of 44Mil?>> Not exactly. That's what I thought, but the conference clarified that you have to subtract an 18M dollar one-time gain from that 44M. Plus there's going to be an additional charge of like $28M for non-NY subsidiaries. And there are sure to be additional charges down the road for "restructuring Medicare." Hey I'm looking for upside too. The upsdie is not in the numbers (which resemble the pits of hell), but in OXHP's regional franchise among the patients and, yes, the providers. Good Investing, Mike

To: Peter who wrote (446)	12/10/1997 9:23:00 AM
From: wolfdog2	Respond to of 2068

Peter, there's lots of value here for an acquirer at the right price. Oxford has a strong customer base and a strong provider network. Your implication that another company could just pick up their customers is, I think, naive. Oxford, of course, will lose some customers, but I don't think that you'll see mass desertions. Once the dust settles so that a potential acquirer can get a real handle on OXHP's business, it wouldn't surprise me one bit to see an offer made. But that may be cold comfor to the current bulls, since the offer may not come, if it comes, at a price sufficient to bail them.