Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: robt justine who wrote (706)	1/3/1998 9:52:00 AM
From: Premier	Read Replies (3) \| Respond to of 2068

Mike/Robt: Happy new year. Assuming 1B quarterly revenues and 94% costs, 10% increase in revenues and costs will add 6MM to the bottom line. 6MM will not make or break Oxford. Oxford's phenomenal growth occured due in major part to point of service plans. The consumer prefers freedom of choosing caregivers. Oxford failed (dumb computer!) to account for its costs. The problem is being corrected. Yes, costs will rise. Cost increase is an industry problem not an Oxford specific problem. Oxford is among the lowest cost insurers in POS plans. Oxford will need regulators approval for a premium increase in excess of 10%. Only restriction Oxford has is that it cannot use 3MM penalty as cost in requesting for premium increase. IMHO, the market structure will allow Oxford to increase premiums in excess of 10% if its costs also increase. I had speculated that Oxford will cease to exist in its current form in the next century (see my post #692) but I maintain that the talks of its death are premature. Premier

To: robt justine who wrote (706)	1/3/1998 11:17:00 PM
From: Michael Burry	Read Replies (1) \| Respond to of 2068

<Mike, probably because as you mentioned, you had overloaded your portfolio with the stock in the mid-20's. > Sorry, was never overweighted here - maxed at 10%. What's made me emotional is being accused of dishonesty and slipperiness, as well as your condescending attitude. Great one, I give up - you win whatever. But no niceties - you accused me of lying now I sincerely dislike you specifically. This good luck crap doesn't fly in the face of your hubris. Mike