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Been looking into Healthcare stocks and UNH came across as a very strong performer - in some cases, it has beaten even some big tech performance the past 5 years or so. How do you feel about future prospects? I have always thought these large insurance companies are so legacy, ripe for disruption (with health Tech companies coming up) etc. + more regulation coming etc. How does UNH stack up?
As close as I can tell they are buying back just under $2.5 billion per quarter ..
A quarter has 13 weeks.. two and a half of those are blacked out..
So they buy back almost 5 million shares in about ten weeks of trading days..
Almost 100,000 per day..
When that sump pump kicks in and starts to drain the pool of a available shares a bit..
We should see some impact… nothing earth shattering but, about $2.50/share in price gain between here and oct one…
Steve