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  • gladpick gladpick May 10, 2011 2:41 PM Flag

    question

    I totally agree. They have $600M cash and no debt. The are now concentrating on improving their Medicare Advantage insurance program. Once they accomplish that I would be surprized if the company does not seek a buyer for the present (remaining) business.

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    • I don't think they solicited CVS for the buyout, but it was to their advantage to accept the offer. Along those lines, I also don't think they would openly be looking for a buyer of the remaining parts of the company, buuut, if a decent offer came along we could all benefit. Don't forget, last August they paid out a "special dividend" of $2.00 plus the $14.00 we just received. That's $16.00 in 9 months, and we now have a company trading for almost $10.00 giving us a current grand total of $26.00. If all goes well, with a low PE we could see this stock rise to $15.00 by September in this kind of market.

 
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