Just in case you missed it, the other day Lombard Odier of Geneva, Switzerland, filed with the SEC having bought shares of WBMD for $12.58 million during the last quarter.
Founded in 1796, Lombard Odier is one of the most respected and largest private bank in Switzerland
Have a look at the one-day chart. Just another little manipulation to take a block of 16000 shares off some tired hands at the lowest possible price.
In this crazy environment there will always be somebody who has to sell.
Steve, These things are starting now and therefore are not yet in the forcast, as any estimate would be pure phantasy.
I think the time is ripe now for Marty to turn WBMD into what he always wanted it to be:
The Internet Company redlucing Health Care Costs by providing all Health Services to all Americans.
With WebMD Health Services' “turn key solution” for small companies, they could cover a good part of the population by providing all services, including prescription drugs and insurance, to all those companies that are too small to afford an independent infrastructure.
Hence the increase in office space and the new CEO for WebMD Health Services.
Another step in the same direction is the collaboration with Walgreens.
As a result, future revenues should come increasingly from those services, and advertising revenues will become what they should be: A secondary but welcome by-product.
Starting this fall
Blue Cross Blue Shield of Michigan and Blue Care Network members will have access to a new set of health and wellness programs. Through a partnership with WebMD Health Services, Blue Cross will offer a new online wellness platform – including a health assessment, digital health assistant and health information – along with other wellness programs to its group and individual members. The new partnership gives Michigan Blues' customers, including employer groups looking to keep costs down, the opportunity to incorporate wellness programs into their benefit structure. “The service is available to clients of all sizes, although it may prove most beneficial to small businesses that typically lack the administrative staff needed to manage a wellness program, said Aaron MacDonald, Blue Cross Blue Shield’s director of small group sales and external distribution.
MacDonald described WebMD Health Services, a unit of WebMD Health Corp., as a “turnkey solution” that’s readily adopted by employers.” According to the U.S. Census Bureau, Bureau of Labor Statistics, there are 27.9 million small businesses in the U.S.
Over 50% of the working population (120 million individuals) works in a small business
WBMD will move into new offices increased by 50%
WBMD has just hired a CEO for WebMD Health Services
Fully agree with you with respect to the company and its prospects.
However, a reputable company should not allow its stock to be traded as it has been today, and should intervene with the crooks responsible for it.
In the WSJ article mentioned by rsrcej, there are two statements that say a lot about Marty's attitude and where we are going:
"We'll improve patient outcomes and bring down the expense of health care," he says, and "as a byproduct, the company will make a ton of money."
"I'm not interested in revenue that's not strategic -- in revenue for the sake of revenue that doesn't eventually translate into profits," Mr. Wygod says.
I'm not sure about that. After all, Marty is only a bit older than Stefano. And at 75, I don't think he even considers retirement.
Look at Warren Buffett. He is 84. These guys just go on and on because that is their life.
They wouldn't know what to do without their jobs.
Steve, My opinion is based on the psychology of the individual, as P.G.Wodehouse's Jeeves would have said.
Both guys are having sky high egos and would never play second fiddle to anybody.
Stefano made an enormous amount of money with M&A and is an expert on the international side of health care.
Marty is, in my opinion, THE expert on the american side.
As partners they can profit from each other's knowledge without getting into a private fight and each can concentrate on the stuff he knows best.
The result could be mind boggeling.
He might be interested, but he won't get it.
He is a sort of Marty guy,and I think the two are much better off as partners.
I posted this because we are in a partnership with him and his company, and therefore we should keep an eye on him.
Stefano Pessina, named permanent chief executive officer of Walgreens Boots Alliance Inc. on Thursday, wasted no time in signaling that he wants the largest U.S. drugstore chain to grow through acquisitions.
“I believe that the American market will go through a substantial wave of consolidation, horizontally and vertically,” Pessina said on a conference call to discuss the company’s latest quarterly earnings. While he wouldn’t identify potential targets, he said Walgreens wants “to be part of this at the right time with the right partner.”
Change will come with the earnings announcement. Which I think will be very positive.
So take it easy, its summer, there is no volume, and some people still worry about Greece, although they shouldn't. Because now those stupid boys who “govern” that sad country have gamble themselves out of the game completely.
Tracey, to compare Spain and Italy to Greece, is an insult to them.
Their economies are already improving tremendously, and they are not being governed by a bunch of leftwing idiots.
As the head of the IMF said: It is time Greece sent some adults to the table!
Having been with Marty for about 35 years or more, I know how you feel.
Forget about Icahn, he went in for a fast buck and didn't get it. Marty takes a much longer view.
And forget about the new analysts. They don't have any vision. They just ask for guidance and then they start guessing.
With my knowledge of Marty, I prefer to apply the psychology of the individual and do my own guessing and analysis. And apart from Walgreens, I'm very hopeful concerning the Blue Cross Blue Shield deal that will be actvated this automn.
With WBMD having a turnkey solution for 27.9million potential clients with 120million individuals – surely they should be able to make some money out of that one?
I completely agree with you that we should be higher were it not for the loss of goodwill because of the desaster three years ago. At least now they have realised they need more sources of income, and I'm still hoping for good news concerning Walgreens.
Perhaps the kiss for the sleeping beauty will be the earnings at the beginning of August...
Tracey, If you look at the charts, we are not doing too badly, considering the hole we were in:
WBMD 10.13.2008 $ 15.18 = + 198%
DJ 10.13.2008 8,852.22 = + 105%
Nasdaq 10.13.2008 1,711.29 = + 365%
As for the market in general we should not forget the huge amounts of money still being pumped into the system, resulting in historically extremely low interest rates. The economy is only now slowly climbing out of a very nasty recession and, in my opinion, has still got a long way to go.
As for some “experts” moaning about the “strong” US$ - well, if we compare it to one of the few serious currencies, the Swiss Franc, it is still about 23% below where it was in 2008...