Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: MrShihTzu Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 18386  
Subject: OXHP Date: 10/28/1997 10:50 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Sorry if this might also be fodder for the OXHP folder, but I think I've tied it in enough to CK's to merit posting here.

A couple of additional thoughts on OXHP. Greg (MF Boring) has announced after reading through the company's press releases and other info that he's selling his OXHP shares. The main reason is that he no longer trusts management. I have to agree with this. (FWIW, my investment club and I had looked at this one a few months ago and turned it down, so I am not a stockholder speaking here.)

When we buy stocks, to a large extent we're expressing our faith in management and the business model that they have created. Kind of ties in with Tom's Qua/Va analysis. From what I've read this company's management has been misrepresenting their performance to their shareholders and the market in general. It sounds as if they had no real idea at all about their performance.

I do not trust the company's management. Personally, I wouldn't buy this one here at all. And, if one of the CK's were to announce similar information, I'd seriously consider getting rid of it, too.

I'm also kind of horrified by the fact that they had to announce all this at once. For over a year they've been saying everything is okay. Then there were problems with other HMO companies. They continued to claim that all was okay. Then they release such drastically bad news all at once. Usually, I think that the shareholder lawsuits are garbage. This is one time I can certainly see the merits.

In another post I'll speak of the tax issues.

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next


Post of the Day:
Dividend Growth Investing

Why Companies Buy Back Shares
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.