Steve, I have not seen any comments recently. Your in depth analysis provides motivation and confidence when UNH (and all MCO's) get pummelled on downgrade news like this.
Disclosure: Long and Nervous!!!!!
I am still long just over 9000 shares, I have been selling naked puts on UNH and a group of other companies.. I think that it is interesting that Scott Fidel went from the most optimistic of analyst outlooks to one of the least optimistic in one fell swoop. In two weeks we will get the 2012 final numbers and the conference call. It will be a full plate with the Brazilian merger, Tricare and the PBM insourcing to discuss.. We haven't had such a market moving downgrade in a long while.
I guess I am torn because these sudden drops have been real money makers for me over the past 4 years(the option premiums expand) so while I see a trimming of my portfolio balance I also see opportunity as the share prices fall a bit.
I would guess that the prices will rise a bit as we approach earnings and then wildly gyrate on 1/17 during the trading day. Then a few weeks later we will have the debt ceiling debate and all bets are off... If they curtail Medicaid spending or rejigger Medicare advantage rates then the sector may take a hit.
The Brazilian situation is a total wild card..
I think we are just a little jittery and the down grade caused some profit taking.
Set your gaze on March, I bet that they will pop the dividend to 27 cents and the float will be dropping under a billion shares.....
The future is bright.... Where else would your dollars be safer than invested in UNH?