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

To: Worswick who wrote (727)	1/8/1998 6:40:00 PM
From: Thomas Haegin	Read Replies (2) \| Respond to of 2068

Thomas still holds long Worswick, here I am, still holding long. Let's just hope that my guts is not plain stupidity <g>. OXHP so far is the 2nd venture that turned fundamentally worse after I bought. The other one was REDB <g>, but that's sold. Other things initially went down, but I was not really concerned (bad timing so to say), but OXHP took this 2nd dive from $25 to 14+ recently, as we all know too well and I participated in it. I originally planned to scale-down buy at $18, but in light of unfolding events and Wiggins still on the job, I decided to really wait and see and "show me the money" first. I'm not impressed with the recent price rise yet, no real fundamental reason/changes at the co. for this. I'll be looking closely at the figures as of 12/97. Specifically I'm interested in seeing customer retention rate/enrollment numbers and the balance sheet with all these new reserves, and pooibly clarifications whether more charges loom out there (Medicare restructuring for example). Thereafter, I may take some action. I do see some value in the franchise. It's just that their operations must improve, and repricing some products may be necessary if cost control measures (which hopefully they now have in place <g>) prove insufficient. They don't have a problem with products and marketing (or only to a lesser extent), they have a management/operations problem. The poster who was tracking his bills said here they settled this very quickly. Another factor I still hold is that we only have small individual positions in the stock, so nobody got really hurt (men mailman, please take note :)). I also see a take-over possibility from a co. with a strong operations record, but definitely not right now in these muddy waters. If I had no position now, I would watch OXHP, but still avoid for now. So let's see what happens... I mentally have written OXHP kind of off (I would be willing to sell at $10). Worswick, stuck with any position in OXHP? You as a N.Y. state resident should (or used to) be <g> their customer, I guess :) Can anybody quickly sum up what's the difference in severity of trouble between Pacific Healthcare (where Mike Price invested) and OXHP is? One thing's for yure: Mike Price is not stupid. BTW, the Barron's Roundtable should be soon. He may elaborate on Healthcare there. Best of luck to all of us, Thomas