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Oak Street Health, Inc. (OSH)

NYSE - Nasdaq Real-time price. Currency in USD
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16.83-1.17 (-6.50%)
At close: 04:00PM EDT
16.67 -0.16 (-0.95%)
After hours: 04:49PM EDT
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  • M
    Mark
    Just me and you Insights Bot... What a good sign. 👍
  • M
    Mark
    EoD they still need to pass a bill. Congrats on profits.
  • G
    GAO
    Good time to buy
  • Y
    Yahoo Finance Insights
    Oak Street Health is up 10.91% to 19.42
  • C
    Chet
    As I outlined in a previous post, I hold a large short position in OSH. At current prices, I will continue to maintain this position. OSH is one of those rare gems that loses even more money the bigger they get. This company will never make money. Their business model was drawn up on a blackboard by some really smart people - the problem is, it's all one grand theory and the narrative is collapsing with each passing quarter. The model only works if they can continue the game of "upcoming" their population risk scores to secure higher reimbursement from Medicare. The OIG is on to this scheme, and I believe that OSH (and others in the space) will be held accountable. Even after the recent share price decline, OSH still trades at 5x forward revenues - that multiple only works for high margin/high growth businesses. Even if OSH one day turns a profit, this will never be more than a 5% margin business. If you own OSH shares, sell them. I predict the stock will eventually trade below $20 per share.
  • y
    yankmydoodle_itsadandy
    What's up? buyout?
  • Y
    Yahoo Finance Insights
    Oak Street Health is up 9.93% to 17.60
  • J
    Joe
    Not a lot of moving parts. Looks like it builds primary care centers and operates them. If they operate at a profit and beat earnings the stock should go up. Would be nice for this stock eventually have a dividend. GLTA
  • A
    Anonymous
    this would explain the insider selling

    On November 1, 2021, the Company received a civil investigative demand (“CID”) from the United States Department of Justice. According to the CID, the Department of Justice is investigating whether the Company may have violated the False Claims Act, 31 U.S.C. §§ 3729-3722. The CID requests certain documents and information related to the Company’s relationships with third-party marketing agents and related to the Company’s provision of free transportation to federal health care beneficiaries and requests information and documents related to such matters. We intend to cooperate with the Department of Justice and produce information and documentation in response to the CID. We are currently unable to predict the outcome of this investigation or whether litigation is probable. Regardless of the outcome, this inquiry has the potential to have an adverse impact on us due to any related defense and settlement costs, diversion of management resources, and other factors. See Note 10, Commitments and Contingencies.

    In addition to the provisions of the FCA, which provide for civil enforcement, the federal government can use several criminal statutes to prosecute persons who are alleged to have submitted false or fraudulent claims for payment to the federal government.

    If any of our operations are found to violate these or other government laws or regulations, we could suffer severe consequences that would have a material adverse effect on our business, results of operations, financial condition, cash flows, reputation and stock price, including:
  • R
    Randy
    Tf goin on?!
  • J
    Jan AMC Ape
    Is this a money maker?
  • A
    AlTrades
    Nice mention in Barrons healthcare roundtable report this weekend. Edward Yoon, health care sector leader at Fidelity, said: "We were private investors in Oak Street Health [OSH], which went public in August. The company is building primary-care clinics for Medicare patients and dramatically lowering costs. Its NPS [net promoter score, a measure of customer satisfaction] is through the roof. When this can be done at a national scale, which will happen over the next five to 10 years, it will create a very different experience for the next generation of people using Medicare. This is yet another secular grower with long-term tailwinds that can take costs out of the system."
  • P
    Put_upst
    what happend???
  • Y
    Yahoo Finance Insights
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  • C
    Chet
    In equal $ amounts, go Short OSH and go Long JAWS (a SPAC buying an OSH competitor, Cano Health). OSH is valued significantly higher than Cano Health, yet Cano has better economics. If the entire space appreciates, your long position will hedge your short. If the valuations of the two companies meet somewhere in the middle (more likely), you will profit on both trades. These types of symmetrical trading opportunities do not come along often.
  • F
    Fire Truck
    I'm looking to get into this now since its already down by 30% since earnings. Is it bottomed out yet? Or should I wait for another week or so?
  • B
    BigDaddyTriHard
    lets go
  • R
    RightTurn
    This will be 70 in Two weeks
  • Y
    Yahoo Finance Insights
    Oak Street Health is down 6.02% to 51.51
  • A
    Anonymous
    just look at insider selling and decide for yourself if you want to buy this falling knife that has close to a billion of debt due in less than 5 years and has a whopping book value of $1 per share and is losing money hand over fist- $100 million in the June quarter alone.