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Last Post: 8/4/2016 9:58:08 AM - Followers: 1 - Board type: Free - Posts Today: 0
New Board... Working it out!!!... This board is Currently is a discussion post for CENTENE CORP.


CENTENE and NURSE RESPONSE have Teamed to make a great company

WEBSITE : http://www.centene.com

- No other links because the main page shows:
(NEWS, STOCK Quote for the day and Company Info.)

TICKER SYMBOL : CNC The Current Range for (25 weeks) is (23.00-27.00)

** NEW ARTICLE** (MOTLEY FOOL . COM)

Centene's Clean Bill of Health
By Billy Fisher
February 7, 2007
Shares of Centene (NYSE: CNC) have fallen nearly 8% since the company released its Q4 results yesterday. I believe that this drop might present an opportune time for Fools to purchase shares of this multiline health-care company. Its latest earnings release raises a few red flags, but I think the positive trends in the company's business and the industry in general outweigh those negatives.

The St. Louis-based corporation reported a 44.8% growth in membership year over year, and a 64.8% increase in revenues. A new contract contributed significantly to these increases, letting the company expand its health-care services and benefits to Medicaid-eligible recipients in Georgia. Membership in the company's Georgia managed-care segment accounted for 80% of the year-over-year increase in membership growth.

The company did note that it was disappointed with the loss of its contract to serve the state of Kansas' Medicaid recipients, and it will also divest the assets of its Missouri health plan. But exiting these markets shouldn't significantly affect the company's total revenue going forward. Kansas and Missouri accounted for 14% of the company's revenues in 2006, but Centene will be able to compensate with the addition of its Georgia business and new contracts in Ohio and Texas.

The company reported EPS of $0.31, flat with the year-ago quarter. However, Centene's EPS would have come in at $0.41 if its Kansas and Missouri exit costs were excluded. The company expects minimal impairment charges related to these events in 2007; management guided for 2007 EPS between $1.51 and $1.61. This range is right in line with analysts' expectations of $1.54.

With the company's 2006 impairment charges in the rear-view mirror, the company is well-positioned for 2007. The stock prices of WellCare Health Plans (NYSE: WCG) and Amerigroup (NYSE: AGP) are both trading near 52-week highs. Both of these companies also focus their business on serving people who receive health-care benefits through publicly sponsored programs.

Centene is trading for roughly 20% less than its 52-week high. I think the depressed stock price offers a great buying opportunity with minimal risk involved, given the company's ability to grow its revenues and membership count.

Looking for other stocks trading at bargain prices? Try our Inside Value newsletter, or any of our other investing newsletter services, free for 30 days. Amerigroup is a Stock Advisor recommendation.

Fool contributor Billy Fisher does not own shares of any of the companies mentioned.
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CNC News: Final Reminder Re: Centene Corporation's 2017 Investor Day In New York City 12/08/2016 08:00:00 AM
CNC News: Lawsuit for Investors in Centene Corp (NYSE:CNC) shares announced by Shareholders Foundation 12/05/2016 10:25:00 AM
CNC News: Ryan & Maniskas, LLP Announces Class Action Lawsuit Against Centene Corporation 11/30/2016 06:00:00 PM
CNC News: INVESTOR ALERT: Brower Piven Encourages Shareholders Who Have Losses In Excess Of $100,000 From Investment In Centene Corp. T... 11/25/2016 03:19:00 PM
CNC News: Robbins Arroyo LLP: Centene Corporation (CNC) Misled Shareholders According to a Recently Filed Class Action 11/23/2016 02:18:00 PM
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#13   I'll check that this morning. Thanks for the MiamiGent 08/04/16 09:58:08 AM
#12   CNC on watch for me romanov5 08/04/16 07:19:09 AM
#11   CNC Further to the sudden plunge yesterday at MiamiGent 07/27/16 08:22:41 AM
#10   CNC Centene Edges Up 2% Pre-Bell on Q2 MiamiGent 07/26/16 07:55:23 AM
#9   $CNC recent news/filings stocktrademan 06/28/15 10:53:26 AM
#8   <<< $CNC Links! >>> ~ MAC's Quick DD Penny Roger$ 04/24/12 03:00:34 AM
#7   ~ Tuesday! $CNC ~ Q1 Earnings posted, pending Penny Roger$ 04/24/12 03:00:14 AM
#6   ~ $CNC ~ Earnings posted, pending or coming Penny Roger$ 02/07/12 06:04:39 AM
#5   hey Thanks Team... SBL321 04/08/07 01:07:59 AM
#4   shaunlynch Good Luck With This Board & Teamlasvegas 04/06/07 10:35:44 PM
#3   I am a little new at this... I SBL321 02/08/07 10:16:20 AM
#2   To answer your question that you posed on sidedraft 02/07/07 04:34:16 PM
#1   I know this is the first message but SBL321 02/07/07 03:54:30 PM
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