And so a new generation of "for profit" companies is born. Totally regulated by the government with the only chance of any profit coming at the the expense of their employees and customers. Sounds like a "real winner"! Just the kind of company I want to be part of -- hah! hah! It's a long haul back up to $70 in this loser. Long term: Loser. Go for it losers!
Lots of regs associated with Obama Care are extensive and you no longer have the expertise in the company to understand, comply and actually implement. Employees don't care anymore -- it is just day to day operations. Middle management just collects a hefty paycheck, enjoys their health care, and laughs all the way to the bank. With all the turmoil related to the CEO, it will be a long time before rank and file is back in place and employees have enthusiasm again to do not just their job, but to do an excellent job. It will be a long time before clear directives and goals are in place again. They are floundering as a company, as a provider of health care insurance and as an employer.
Sentiment: Strong Sell
Lots of turmoil ahead internally as well. Employee morale is at an all time low. Employees work hard -- CEO ruins it all. CFO isn't much better either who thinks buying back stock is the answer to everything. Uncertain and unstable.
You've got the dow up today over 200 pts. and WLP can't even eek out a gain. I feel sorry for the employees who have put their working lives into this company and get nothing in return. The execs get the millions. Then they TAKE the millions and jump ship laughing all the way to the bank. LOSER STOCK. BIG DUMP.
Bot this loser 4 or 5 years ago based on Cramer's recommendation for a long term win. Could have sold at $80, but hindsight is golden. Now I am in a big time loss. What the heck does the WLP stock buy back do? NOTHING for the shareholders. You got it right: it is a long climb back up to $70, much less back up to $65. Poor management and horrible employee morale doesn't help. Don't buy this loser.
You won't even need a CEO anymore or a Board of Directors taking this company down. The government will run this company and product. Right now your CEO and Board are working hard. Busy hiring high-priced consultants to eek out any holes that put more money in their pockets. They are also busy determining what employee benefits can be cut. Poor employee morale because of inadequate leadership has helped keep this company down and it won't get any better. Yessir! It is a long way back up into the 70's. Hey you idiots ever betting on this company to make you rich. It has made all of it's investors and employees poor. Give up on WLP.