We agree here…should have been done a long time ago. Greece is holding multiple economies hostage by expecting to be bailed out constantly.
I am going to cover one more "base" and be willing to get into Humana at $196. Looking for both Humana and Cigna to get taken over within the next week.
Yep, I'm a greedy little capitalist. But for the industry…in the end will be good.
Only have 100 shares of CLDX, but I did like the data I saw. Loved the ONTY data which should bump both ONTY and ARRY
And shareholders should sue the BOD and the CEO not acting in the shareholders best interest if that was to happen.
No one has heard of AETNA ? It is a 40 Billion dollar company !! United Healthcare…110 Billion. Centene is "Small" at 10 Billion. Humana is 30 Billion. Kaiser Permanente took in 53 Billion in Revenue last year and employs 175,000 people.
You need to get out more if these are companies "No one" has ever hear before.
These are not some Mom and Pop candy store in your local township with 1 traffic light and dirt roads. Please come and join us in the rest of polite society.
Patience is one thing. Tying up perfectly good money that could be put to use somewhere else is another.
This should have popped into the 175-180 range. It did not.
At some point I have to admit that I was the one who made a mistake. Take my lumps and try and capitalize someplace else. If this is still around in 6-12 months I can always revisit the situation.
I would rather put the money to use in an active manner…then essentially tying up "dead money" and not be able to make cash somewhere else. Gilead, Celgene, Cempra…lots of other choices.
With about 7500 traded stocks on the market…not gonna marry Cigna.
Nope, captured alive. More taxpayer money going to be wasted on a trial, and mental fitness tests to try and understand why he did this.
What a shame.
Unless he has a plan to get this to $184 in a short period of time…He is doing shareholders a disservice.
The top people in the company are supposed to be looking out for the interest of shareholders. It is their ultimate responsibility while running a company.
It appears the CEO is either playing a dangerous game of chicken with Anthem…or he knows Anthem will come back with an offer better than $184.
If Anthem drops the deal…shareholders have the right to sue CIGNA
Sootagain. The proposed deal is $184 a share. Does not matter if it is all cash. Anthems stock has a value to it. You need to calculate what you as a Cigna shareholder would get. If the cash component is $126 then you add the component of the value of Anthem stock for each share of Cigna stock you had.
The stock will open in the $178-$184 range tomorrow. Most of us who made a quick gain will just cash out and move on to the next stock. Why bother waiting to squeeze every last nickel out of it ?
I got into the stock at $155…If I get $180 for a quick flip…I cash out.
Wash, Rince, Repeat somewhere else…That is how you build a retirement account.
As for what really happens in the buyout deal…that is for the corporate executives to decide. I am an investor, not a corporate boardroom decision maker.
My job is to make money trading the stock…not to decide if the deal is any good.
You know, Anthem could always walk away and make a nice offer to Humana…leaving Cigna to fall behind the rest.
There is a point at which you have to do what is in the interest of shareholders. Rejecting an offer of $184 a share…must mean you have an "iron clad" plan to quickly get your stock to $184 all by yourself. Otherwise you are cheating shareholders out of an excellent return on their investment.
I think a rejection of this offer is foolish. Anthem already basically offered $175…and now $184. At a certain point the "fool" is Cigna and its CEO.
You probably get it today with the Celgene / Receptos deal. Biotech stocks will all get a lift regardless of how good or bad they may be. People will now look for Gilead to make a deal. For the time being, the Celgene news is bullish for everyone.
Greece just stated they would like to bundle their debt payments for June into one large payment due on June 30th. Basically Greece is broke and can't afford to repay its debt. Stock market across the board reacted to that as a bad sign. Nothing to do with any individual stock.
People are leaving "perceived" risky investments until the Greece thing blows over. BLUE although good at what it does, puts money at risk. People in times of uncertainty tend to leave markets and put money in cash.
So some of the selling you are seeing might be people taking their gains, going on summer vacation and waiting to see what happens with Greece.