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


To: men mailman who wrote (1050)2/13/1998 5:22:00 PM
From: Premier  Read Replies (1) | Respond to of 2068
 
men:

I have no exception to your philosophical argument that KKR are not dumb. In fact KKR are ruthless characters. Even though KKR partner is personal friend of Wiggins, if and when KKR gets involved they will rip apart Oxford and Wiggins. The real risk is twofold.(1) KKR finds hidden skeletons in DD and walk away with their bagfull of dollars. (2) On the other hand obtaining money from KKR means Street will get the message that Oxford could not get financing from more desirable sources.

Now on reserves. Creation of reserves does not mean depletion of cash. Cash will be used to pay prior undocumented liabilities, current and future negative cashflows. I hope Oxford is not borrowing 300MM from ruthless characters and paying abnormal interest just to showcase cash in the balance sheet. I tend to believe that the proposed 600MM cash will be fully utilized and existing shareholders will have to repay the 300MM debt from future positive cashflows.

When I made my calculations and/or pointed out error in your calculation, the purpose was to illustrate merely a calculation. I did not intend to make any prediction based on hopes.

I added 2000 shares @19 3/16 to my long position today.

Thanks and best regards.

Premier.



To: men mailman who wrote (1050)2/14/1998 9:21:00 AM
From: Worswick  Read Replies (1) | Respond to of 2068
 
How's your "Priveate Lawsuit" going Mailman? It seems you're optimistic about this stock now.

I still reach for my ant poison whenever I read your posts... just so I know you won't get near me.

Good investing wacko.



To: men mailman who wrote (1050)2/16/1998 2:09:00 PM
From: Premier  Read Replies (1) | Respond to of 2068
 
men:

In my previous post, I had provided link to Times discussion of 100MM subsidy. 110,000 policies are affected of which Oxford is unfortunate to carry 55,000. Therefore we may safely add this newfound $50MM cash to Oxford's equity and call it "Pataki election year subsidy account".Thats whopping 62 cents a share!

Premier