Make it 3 grumpy old men, have been around with all of those Co's. I'm really getting to the point where I would like to see that ball go over the fence.
Just as the internet has eliminated travel agents for booking vacations etc. and Amazon, Ebay have changed the consumer landscape, is it reasonable to predict that WebMD will provide low cost health insurance that is determined predicated on your individual health history. If a person has no prior health issues, has never been on prescription medication for a chronic illness, never been hospitalized and has excellent blood pressure and weight levels, then why would these individuals want to pay for health insurance as it is charged today. Could WebMD siphon away millions of healthy individuals that focus everyday on doing what is right for their bodies and therefore pay only a fraction of what insurance companies charge us today. I for one, would sign up tomorrow, if this was offered by WebMD. If it required that my relative health be monitored via wearables or other sensory devices, for low cost insurance, I would not object as it would most likely challenge me to continue to live a healthy lifestyle ongoing, just as I drive carefully and have not had a moving violation or car accident since 1977, my low cost insurance reflects my driving record. What am I missing? It sounds like a no brainer and would make the Insurance Industry shake in their boots as they count on the healthy, who are highly profitable for subsidizing the less healthy.
Given the comments at the Annual Shareholder Meeting and the downgrade by Stifel combined with a Blackout Period for WebMD stock buybacks and a later than usual Earnings Call, 11/5/14, where they, more than likely will reiterate current guidance, we can expect the stock price to languish until Marty grants himself and his key exec's lucrative stock options at current or slightly higher or lower prices. And next year as their millions of shares vest, Marty will extend another tender to facilitate the selling of vested options into the added liquidity resulting from the tender offer. It's a nice deal for Marty and his Knights of the Roundtable!
Here is my preference relative to a buyout of WebMD ! The buyer uses 50% cash and 50% stock! I would like the acquirers stock to exhibit strong growth and pay a dividend while I realize capital appreciation at a faster rate than WebMD as a stand alone company! I can dream can't I.
No need to apologize, as I share your frustration with this seemingly endless roller coaster ride with no end in sight! Clearly, there must be some entity out there that can boost the evolution of healthcare retailization at a more rapid growth rate than Marty and company. And then again, MAYBE NOT!! I'm not getting any younger and certainly not more patient!! ONE GRUMPY SOMEWHAT OLD MAN!!
steve,sorry for my comment its been a bad weekend,seriously i have wondered whether a younger team might be able to move this either faster or in a better /different direction IF there is one that i have no idea if there is,clearly im a marty guy as i have been with him since porex anf gsof,and sntc and medco,all of which you remember that most have no idea what we are talking about,my curiousity is based on how fast things have changed and are changing.
When looking at the 3 Divisions of WebMD, 1] Public Portal for consumers 2] Private Portal for corporations 3] Medscape for physicians, all apparently able to operate independently of each other. Does it portend the possible spinoff into 3 separate companies or selling to another entity that will sell off the parts? Are the parts worth more than the whole? I'm sure Wygod has a plan relative to these possibilities!! Does any one corporation have interest in all three divisions??
Do you believe there is anyone out there that can build WebMD's lead in healthcare faster than Marty and his team? And if so, why have they not made a bid to buy WebMD? We know that there is competition in this space, however, from a revenue and profit perspective, they are all small players! Who has the magic bullet to rapidly change how we will engage in our health and wellness future??
There were 3 specific comments from WebMD Mgmt. at the Annual Shareholder Meeting that I believe contributed to the downgrade from Stifel Nicolaus causing the sell-off in the stock.
1} No change in the 2014 guidance 2} No significant revenue in 2015 from new initiatives 3} Private Portal growth rate in 2014 will not be matched in 2015 as there will not be another contract similar to the Blue Cross deal booked in 2014. As a result of these comments and no guidance for 2015 so far, it was a perfect opportunity to downgrade WebMD.
I agree - when the smart money looks to de-risk their portfolio surely they will throw out just about every other stock before parting with WBMD!
here where we differ.....for the moment,the broad mkt both domestic and overseas look awful,i doubt wbmd withstands the selling happening around it.
Spencer Waxman of the Shannon River Fund has just filed with the SEC, as of 10/2/14, announcing that he has increased his passive stake in WebMD to 5.2%. He is now holding 1,958,000 shares, up from 1,767,400 shares as of 6/30/14.