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

To: Gene J. Abel who wrote (679)	12/30/1997 10:36:00 AM
From: Worswick	Read Replies (1) \| Respond to of 2068

And so what if the company has to raise $500 million in loans, or in private placements? There are lots of people in teh world who will lend money to this company if they get the right covenants and options. Believe me. This company is $4-6 billion franchise in a market where the rest of the health care providers are asleep. OXHP Michael still is the best shot to make a lot of money in this sector. You've done the numbers but what exactly in your opinion is the "goodwill" of this company, as they say in financial circles, worth. I've seen your numbers again and again. Never have I seen that number that details "goodwill" in any one of your posts. Is the number zero? Is it the price of za box of pop corn. My boy if someone is willing to lend the company $100-500 million you better look at that and think about it. I do like your work. I think you might consider this. Buffetology is about franchises. Perhaps mistakenly I bought this stock after reading a review copy of Mary Buffet's book. Porbably none of us know the goodwill figure. But that's what investing is all about. About looking around corners. None of us know what is around this corner. You're a doctor. Put it in another way what is the franchise of a medical practitioner worth in this country? You can't just go out and invent an OXHP. So, is the franchise worth something? As far as the oft repeated calumny that Wiggins is a liar. I am surprised and delighted at the tears being shed on this issue. Threadsters.... BUSINESS...ALL BUSINESS ... .IS SIMPLY THE SELECTIVE WITHHOLDING OF INFORMATION. That is what business is. On my first post on this thread I said OXHP was "dead meat". That it was going to be bought out because, unfortunately, management didn't own enough shares to keep the franchise going. I say unfortunately becauee OXHP was a visionary company in an otherwise mostly uninspired landscape. It is very likely this stock will go below ten when the contagion of Asia strikes the US.... if the Japan situation is not contained. Six months after that we will get an offer for the company in the low twenties: then, there will be a bidding war for the company and we will know what the "goodwill" of this company really is. I hope this doesn't happen. It might not. If it doesn't then all the negative vibes on this thread nothwithstanding you will all be wrong... you darling negsters.... and OXHP will get into another cycle of growth. Then, it will be a franchise and that is why I invested.

To: Gene J. Abel who wrote (679)	12/31/1997 12:51:00 PM
From: Stephen M. DeMoss	Respond to of 2068

Thanks for the kind words/welcome. Im glad I bought the other day (listened to my wife<G>). I agree that a lot has to be sorted out with the structures of delivery of care. The ride will be bumpy but I do not think Oxford as a company will disappear. There is a lot of good they have done and will continue to do. They will need to make changes, and have, to address slow payment issues, insider selling early (pre-releases) etc. But to accumulate here seems prudent LONG TERM. Happy New Year!! Steve D.