Icahn was not in favor of selling in the mid 30's if you remember the last time WBMD explored a sale
he shook up the board and replaced the CEO on the premise that he wanted to undertake a massive share buyback
now that his team is in place, there has been no new massive share buyback, just the original one instituted by the previous management team that Icahn viewed as insignificant
the fact that there has not yet been an announcement about a new large share buyback program can mean 2 things: 1) the company is looking to sell itself instead or 2) the company is planning to buy back so many shares that it is taking longer to work out
either way, i think buying below 15 is a good trade
this will be under 10 in the next mo or so that may be what get the buyout move.ichan has taken a big beating ,he own from 26 and up.he has no way to wheel anddeal til nov after the next announced horror story from mgt.i implore the stockholders here read the company earnings transcripts its really bad and what the worst part they have no idea when things will turn,they already were talking about 2014,based on losses,debt and remaining cash i dont see how they dont get delisted by than,unless something changes,bluntly i think it gets worse once obama care really comes in and places all sorts of industry restrictions.
tracey - please stop with the delisting talk. you have had some insightful comments in the past and have been right about short term on this stock but delisting is ridiculous. they've hit a rough patch but plenty of cash to keep things going