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

To: john douglas who wrote (466)	12/10/1997 11:11:00 AM
From: Michael Burry	Read Replies (1) \| Respond to of 2068

Looks to me like he just repeated what he told the analysts last night. Realize he is a wonderful presenter - it's why he was WS's golden boy. What I'm looking at is short-term liquidity if that $1billion number from the WSJ is correct somehow. If nothing else, it should be agreed that $1 billion due in less than 6 months is a serious problem. If it's not true, that's good, but it must be clarified, since they only have $1 billion in cash and AR. Any further hit to reserves or charges due to Medicare/lawsuits/fines would cause a short-term crisis that could get out of hand. I'm trying to clarify as we speak, but I see 250M in short-term liquidity. At this point, I'm neither bullish nor bearish - just trying to get to the bottom of it. Mike

To: john douglas who wrote (466)	12/10/1997 11:19:00 AM
From: Worswick	Respond to of 2068

S&P "Stock Reprots" says on November 29, 1997 that this company has a fair value of $52.50. The outlook is 5- (1 lowest-5 highest). As a takeover S&P ten days ago said that OXHP would command $45 per share, or $1,800 per member. OXHP was featured, as we know, on the covers of Forbes and the front page of the New York Times. Both in the same week! Somebody really has their knives out for this company. At that I forgot there were actually two days of negative Time's pieces, this Monday and Tuesday. We must ask ourselves who benefits from this? Who? Never in my recent memory have I seen such a hatchet job as the Times did on a company, or a CEO for that matter. It just a pure wonder this stock isn't selling for seventy five cents after the Times article. Probably, now OXHP will pay up and take out those important full page Time's adds where all the happy little people join in the chorus. "OXHP is better that buttered toast". Ah, a freeeeeee press. Hey, that's what the Times does. It sells pages. Somebody with a grudge there. Now you know what a panic is threadsters. The man was right it is still a $5 billion company. It still has 2 million subscribers. Are they going to push Wiggins out of an airplane like the hapless geologist of Bre-X. I have to say panic has started on this thread in the last twelve hours. Calm down. Good investing Mike.