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~ Friday! $CVH ~ Q1 Earnings posted, pending or coming soon! In Charts and Links Below!
~ $CVH ~ Earnings expected on Friday * Want more like this? Search Keyword:MACMONEY >>> http://tinyurl.com/MACMONEY <<< One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
Long CVH 30.75 several days ago as noted on the New CS Board. Cycle projection has 30.10 as short term low, and current price of 30.25 is excellent entry, with stop under 29. Oddlot
Yeap I picked up 3300 shares just waiting for the running to 23.00. GO CVH. 1.1 billion in cash trading at 3 time forward earnings of 4 to 4.30 per share for 2009. This stock was and is being run by Market makers. Should run to 17 to 19 very soon.
BETHESDA, Md. (July 25, 2008) - Coventry Health Care, Inc. (NYSE: CVH) today reported consolidated operating results for the quarter ended June 30, 2008. Consistent with the Company’s most recent guidance, operating revenues totaled $2.98 billion for the quarter with net earnings of $83.2 million, or $0.55 per diluted share.
Second Quarter Highlights · Company-wide revenue increased 27.7% from the prior year quarter · Medicare Advantage and Part D sequential enrollment growth totaling 74,000 members · Continued steady growth in small group commercial and individual membership · Specialty Business Division revenue growth of 15% sequentially and 30% year over year o Dental capability added to the product portfolio during the quarter · Share repurchase activities o 1.0 million shares repurchased during the quarter, bringing total share repurchases through June 30, 2008 to 4.2 million shares o Additional share repurchase authority obtained during the quarter, increasing the remaining outstanding repurchase authority to 9.9 million shares as of June 30, 2008 o The Company plans to continue to deploy free cash to repurchase its shares throughout the remainder of 2008
I know a lot about this company and their tactics which can be classified as downright unethical but results in profitability (at least in the past, will have to research recent fins).
I'll post more about my experiences with them which included outsourcing, hostile takeovers, horrendous employee treatment, audits, etc
bottom line with Conventry is all about making $$$$$ (no matter what)
This stock is way undervalued. Company actually posted 18% growth in Rev. this is a 2billion dollar stock. Right now its down over half its previous value from 2 days ago. RIPE FOR THE PICKIN
Coventry Health Care, Inc. is a diversified national managed healthcare company based in Bethesda, Maryland, operating health plans, insurance companies, network rental and workers’ compensation services companies. Through the Company’s Commercial Business, Individual Consumer and Government Business, and Specialty Business divisions, it provides a range of risk and fee-based managed care products and services to a range of individuals, employer and government-funded groups, government agencies, and other insurance carriers and administrators.