Barron's has an article this weekend both pro and con (mostly con). Claims UNH, WLP or CI are better plays. Not expecting a buyout soon. Everyone should have a look. (1/10/00 p.13)
Personally I think it smells (some shorts have friends maybe? or someone doesn't want a good thing spoiled yet?) -- can you imagine UNH going to $120 or CI going to $170 or WLP going to $154 in the next two years??? But HUM at $16-20 is not hard to imagine at all.
Who is Vito J. Racanelli and why now -- right when HUM is starting to break out??
Come on now -- don't you think the timing of this article is a little suspicious? Especially given what we know about the "Agenda" being pressed by these lawyers? Was there any new information about HUM's problems in the article?
Anyway, you and I already agree on the endgame here -- even the article states it quite clearly. The idea that UNH, CI, WLP are better companies I can readily accept -- that they are good investments now that the insurance cycle is turning may also be true -- but that their stock is a better buy at this point then HUM I believe is dead wrong.
By the way, I am no spring chicken to HUM -- I have been buying and selling it since 1993 getting to sell at 17, 22, 28, and 30. I am afraid I am not one of the disgruntled stockholders, nor will I be easily dissuaded that this isn't a good buying opportunity.
Maybe just maybe HUM is in discussions behind the scenes.. wondering if BARKSDALE is looking for an investment to add to his vast holdings? One thing is real though, earnings will be better than Jones lead on. He`s done this many many times before.. The guys a genius. Used WOLF as the FALL guy and jumps back in to rescue his child..let`s all not pretend that HUM is not sitting on a ton of cash and would make a great addtion to someone... This company has great contracts Medicare costs from govt. will increase, HUM market share of MEDICARE SUBCRIBERS has increased as BLUE CROSS FLA , AVMED, PRU have fumbled the ball.membership probably doubled...HUM sharp and calulated move here..
you are sounding a lot like ofl in her posts about the hospital cos a couple of months ago. like her, you know the industry and details of this co. like her, you are also focused on what has happended, rather than what will happen. that's what the market is about and last week the market spoke. you were silent then, now you "pop up' to once again preach doom. sorry, don't buy it.
few things have proved as excellent a (contrary) indicator than barrons' stock picks and pans. if you had listened to abelson you would have missed the last 7000 points up on the dow and last 2000 up on the nasdaq. i'm not saying they can't ever be right, even a broken clock is right twice a day.
i'll say it again, buy this sector and this stock on any weakness/correction and hold for the next 12-18 months.
thanks for posting, it's been busy and i hadn't seen barrons yet, will check it out. hard to say how the stock will react given the weak opening a few weeks back on "good news" from barrons. but i will say this, should we get a nice pullback mon/tues, i'll likely be adding.