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

To: Worswick who wrote (682)	12/30/1997 10:54:00 AM
From: Michael Burry	Read Replies (1) \| Respond to of 2068

Re: goodwill If they can't pay their bills because accounts payable overwhelm cash and accounts receivable, then does it matter? Will they be allowed to continue operating? This is not Coke or Intel or even Dairy Queen - the industry is regulated and Oxford has yet to show that it can manage its accounts. That 4-6 billion franchise is mud if it turns out Oxford has neither the balance sheet nor the operations to continue. Initially, I put a lot of stock in Oxford's franchise - I'm not ignoring it. It was in my Investor article, and it was in my initial posts here. It's just that the degree of risk is much higher, and I see people saying "it's just like the yo-yo tech stocks I invest in" when it isn't. If they can get operations back in order and stave off short -term (which of course have long-term implications) probs with loans then bally-hoo! There is not that much room for error. I certainly would love for the stock to survive - remember I've put my neck out on the line pretty publicly. Re: the HMO's I'll get back to you - I'm still researching it. Mike