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


To: Don Wong who wrote (907)2/6/1998 1:41:00 PM
From: Howard Bennett  Read Replies (1) | Respond to of 2068
 
Just heard on CNBC....legendary value investor Michael Price (of the
very successful Franklin-Mutual Series billion dollar mutual funds) has just taken a 5 million (?) share stake in OXHP (52 week high of $89, currently at $17 7/8).

Michael Price is famous for buying companies in financial distress. I
guess he is fairly good at determining what is the fair value at the
auction block. It'll be interesting to see whether he is betting that
OXHP is taken over (M&A -- seems to be the trendy thing to do).



To: Don Wong who wrote (907)2/6/1998 2:09:00 PM
From: william liao  Read Replies (1) | Respond to of 2068
 
Mike Price is a stock guru, a value player. Most of the time he has a Midas touch. Apparently he has seen the value in oxhp. i do not know when he bought the stock though. do not know what price he paid.

william