They bought back 18.5 million shares in the first quarter... Even though the share price has increased the buy back has been accelerating from quarter to quarter. They are buying nearly 300,000 shares a day... Steve
Looks ggod I am kind of concerned about losing members in Medicare Part d - that seems to be the only negative here and in my midnd oes not outweigh the positive but is somewaht of a concern - anyone have any thoughts on why i..e competitive issues in that segment? I still think we should be getting close to $50 if not brekaing it by the end of today. All in all a good report - tho partly due to favorable reserve developments, and buybacks. Optum margins seem to be justified. benefits there will probably not come until 2013. sorry for typos.
The Optum investments seem justified to me also...... They are birthing the nation's third largest PBM from scratch... By 2014 we'll look back at the couple hundred million dropped on upgrading Optum RX as one of the best investments Hemsley ever made. Steve