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Biotech / Medical : Sun Healthcare [SHG] -- Ignore unavailable to you. Want to Upgrade?

To: s martin who wrote (20)	2/25/1999 3:46:00 PM
From: John Pitera	Respond to of 39

Yes, I read through about 90 of the 10Q one night...It is long and convoluted . Shg has grown through Aquisition and the visibility on the exact financial position is very low....The management has really burned SHG into the ground....it's one of the worst 10Q's I have seen for a stock which had the credibility of someone like Jim Awad touting it repeatedly. I see that the volume has dried up maybe it will have a pop...I honestly question the medium and long term viability for any equity holders. Maybe we have reached the Danky point ---look at Danky when it hit 2. But that was during a major market meltdown and not up here 2 days from a new high in the SPX. Best Regards, John

To: s martin who wrote (20)	2/27/1999 11:07:00 PM
From: James Veteto	Respond to of 39

Don't buy - Sell! Look at the chart. SHG is going nowhere fast.

To: s martin who wrote (20)	2/28/1999 8:35:00 AM
From: AC Flyer	Read Replies (1) \| Respond to of 39

I just doubled up... ...though I'm not completely convinced that I won't come to regret doing it - now own 22,300 shares. The key question is - can SHG avoid Chapter 11, which will wipe out current shareholders? I believe they can, because of the company's broad asset base and ability to sell assets to pay down debt. I am encouraged by the level and quality of institutional shareholders in SHG, Tweedy Browne in particular. They will walk through fire to prevent a Chapter 11 filing. I believe that Tweedy Browne et al. will become directly involved in driving a restructuring of SHG, possibly even ousting current management and installing their own people, in order to protect their SHG investment. This would not only take the stock back to 5 or 6, but also above that level, as new management would unwind some of the more egregious sins of the current crew. Comments?