No buyer will pay more than 20x EPS, which would be $175 per share. Others in the industry are trading at 15x. HUM's free cash flow has been exceptionally poor of late as well.
Implied guidance is for only $1.1 Bn in revs and about negative $1 EPS for next quarter. This quarter got huge benefit from ZEV credits which will not recur next quarter. Expect stock to be below $200 tomorrow as this sinks in. See what happened to FOSL today.