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

To: Michael Burry who wrote (467)	12/10/1997 11:21:00 AM
From: john douglas	Read Replies (1) \| Respond to of 2068

Michael, any clarification you can offer would be most welcome ... from the WSJ ... New York regulators " pressed Oxford to add $164 million to its reserves on top of a similar demand last month that Oxford add $87.9 million. Oxford will also add $36 million to reserves required in New Jersey and Connecticut, bringing its total to $1 billion. " My take is that it's reserves were already about $700 million BEFORE the new additions, and that when Wiggins says the company still has $500 million in equity after allowing for the new charges, he's taken into acount the $1 billion in reserves. Which implies $1.5 billion in total assets before reserves. Am I missing something?