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>Date: Fri, 21 Nov 1997 23:33:16
>To: infinity@xxxxxxxxxx
>From: Stan Rubenstein <stansan@xxxxxxx>
>Subject: Re: OXHP Any chance of surviving?
>Cc: realtraders@xxxxxxxxxxxxxxx
>
>Ed:
>Their revenue was growing very fast before they announced they didn't have
control (blaming
>their problems on computer systems - an old dodge which might be true but
what is
>management supposed to be doing - praying or managing?).
>They did announce a $99 million dollar LOSS (-$1.00 per share) for their
recent
>3rd quarter and took down their projection for the next quarter by -50% !
>From $.47 to $.25 EPS.
>Then they took down their 1998 earnings guidance, which was approx $2.50
for the year
>and lowered that by guiding the street to approximately $1.35. Also almost
a 50$ reduction!
>
>So the company acknowledged its mis-management and reduced, by 50%, their
earnings for
>4Q97 and full year '98 justifying the drastic -60% drop in their price.
>The extra -10% is probably Wall St's way of adding insult to financial injury.
>
>The executives, especially the CEO, are being punished because they still
own millions of
>shares. The employees are being punished because they owned so much of
their own company stock.
>Shareholders were punished because the management blind-sided them.
>
>Yet we all agree they have a basically sound and promising business. Before
I buy-in I'll
>wait and see what their 4th quarter turns out to be with its attendant 1Q98
projection.
>You might have faith in the stock coming back but if the institutions don't
come back in
>OXHP is dead money for the next 3 months, and maybe longer.
>
>But my own judgement says that there are better companies with better
managements to
>invest in than this one. Many stocks have fallen greatly from their highs
and still lie
>on the floor; BS for one.
>
>Regards, STAN
>At 10:19 PM 11/20/97 +0000, you wrote:
>>Since the late OCT crash, anyone got updates on Oxford? Other their the
lawsuit is their anything else dragging them
>>down? Their revenue is growing very fast. They seem to be very
aggressive but is their any thanx for
>>any updates...
>>
>>Ed
>>
>>
>
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