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Biotech / Medical : FPA Medical Management - FPAMQ -- Ignore unavailable to you. Want to Upgrade?

To: Vanni Resta who wrote (948)	7/16/1998 11:02:00 PM
From: Kaylin	Respond to of 1110

Your right Vanni, Why go through the extreme, tedious work of laying off people a little at a time and then up and close. It makes no sense. FPA IS trying to rebuild its financial situation. The downsizing is true and evident. The closing of clinics in Houston, Austin, Dallas, and Arizona in August are just the beginning. It's the employees that I sympathize with. They don't know if they have jobs. FPA of course is not saying anything. Kaylin

To: Vanni Resta who wrote (948)	7/17/1998 12:03:00 AM
From: Bald Eagle	Read Replies (1) \| Respond to of 1110

<<Like we have been saying all along, if it goes into Chapter 11 that might not be a bad thing.>> But, it could be a very bad thing. I would say that this is a very risky investment. Admittedly, I made a little money the first time around, so I'm playing now partly with OPM. I guess I don't feel good about it, because I once owned shares and worked for a company that filed Chapter 11. When an employee, I was given a pay cut and also saw my fellow workers lose their jobs. I quit for another position before they filed Chapter 11 bankruptcy. For a long period of time, my shares which I had bought for about $2 were untradable. The company issued new shares for $5 each. You could trade in old shares for new, but you needed ONE THOUSAND, FIVE HUNDRED old shares for a new share. Now my shares were practically worthless. Now, I'm not saying that this will happen here, but at least you have to be willing to take the risk of something similar happening.

To: Vanni Resta who wrote (948)	7/17/1998 12:57:00 AM
From: Douglas V. Fant	Respond to of 1110

Vanni, How many $1b revenue companies can you buy for 5/8ths/share? Not many I'd guess. I came out of the oil industry and watched our company lose about 50%+ of it employees over the last ten years. Yes painful, but the free market calls the shots, not us employees. Also FPAM is riding a corporate trend called "unbundling". That is instead of having one employee such as an MD be a generalist and handle all functions of a business including the medical functions, why not unbundle those functions and allow the specialists to zero in on his/her best most profitable skills... Unbundling began in the natural gas transmisson industry in about 1984, and has spread to many industries now. Companies like ADP and Manpower have jumped on different elements of the administrative aspect of this trend and have been quite successful. FPAM is trying to ride the same "megatrend". Will they be successful? I do not know- time will tell. But I've bet a few bucks that they will.... Also Vanni have you seen or read anything about FPAM's East Coast ops? I've read or seen nothing about either Aetna or Humana.... Sincerely, Doug F.