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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
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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.

MrShihTzu
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