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$WCG ha ha. Yup. Averaging down now. Bought a few more shares than I had hoped to.
$WCG picked up a few shares. It will probably drop some more now. I'm usually a little early.
News: $WCG INVESTOR ALERT: Monteverde & Associates PC Investigates the Recent Merger
NEW YORK, NY / ACCESSWIRE / May 11, 2019 / Juan Monteverde , founder and managing partner at Monteverde &Associates PC , a national securities firm headquartered at the Empire State Building in New York City, is investigating: Quantenna Communications, Inc. ( QTNA ) ("Quan...
Read the whole news https://marketwirenews.com/news-releases/investor-alert-monteverde-associates-pc-investigates-the-recent-merger-8165822.html
$WCG Finally green on this. Hard Stop at 270.00 and waiting for 287 for a small profit.
https://finviz.com/quote.ashx?t=WCG&ty=c&ta=1&p=d
$WCG ugh been red on this for three weeks. This needs to move up now.
$WCG back in at 268.62
https://www.finviz.com/quote.ashx?t=WCG
$WCG The combined company will have estimated pro forma 2019 revenues of approximately $97 billion, and a pro forma EBITDA of $5 billion, based on the most recent 2019 outlooks publicly reported by both companies.
https://www.sec.gov/Archives/edgar/data/1071739/000119312519088684/d709458d425.htm
$WCG Conference call transcript reads pretty well. $17B is $4B over current Market Cap.
https://ih.advfn.com/stock-market/NYSE/wellcare-healthplans-WCG/stock-news/79566392/filing-of-certain-prospectuses-and-communications
I probably should have bought more.
Market Cap 13.43B
Shs Outstand 51.69M
Shs Float 49.65M
https://www.finviz.com/quote.ashx?t=WCG
$WCG got a little piece at 252...
¯\_(o_o)_/¯
https://www.finviz.com/quote.ashx?t=WCG
News: $WCG ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of WellCare Health Plans, Inc.
NEW YORK , March 27, 2019 /PRNewswire/ -- Rowley Law PLLC is investigating potential claims against WellCare Health Plans, Inc. (NYSE: WCG) and its board of directors for breach of fiduciary duty concerning the proposed acquisition of the company by Centene Corporation (NYSE: CNC). Stockh...
In case you are interested https://marketwirenews.com/news-releases/alert-rowley-law-pllc-is-investigating-proposed-acquisition-of-wellcare-health-plans-inc--7901104.html
News: $WCG Stocks Unchanged as Trade Deficit Narrows
Stocks fell slightly on Wednesday after the release of better-than-expected trade data, but worries over the economy lingered as rates remained at subdued levels. The Dow Jones Industrials was static at Tuesday's opening, at 25,657.61 The S&P 500 faded 1.8 points to 2,816.66 Th...
In case you are interested https://marketwirenews.com/news-releases/stocks-unchanged-as-trade-deficit-narrows-7900008.html
News: $WCG WellCare (WCG) Alert: Johnson Fistel Investigates Proposed Sale of WellCare Corporation to Centene; Are Shareholders Getting a Fair Deal?
SAN DIEGO , March 27, 2019 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of WellCare Health Plans, Inc. (NYSE: WCG) ("WellCare") breached their fiduciary duties in connection with the proposed sale of the ...
Read the whole news https://marketwirenews.com/news-releases/wellcare-wcg-alert-johnson-fistel-investigates-proposed-sale-of-wellcare-corporation-to-centene-are-shareholders-getting-a-fair-deal--7899288.html
News: $WCG Centene and WellCare to Combine to Create a Premier Healthcare Enterprise Focused on Government-Sponsored Healthcare Programs
ST. LOUIS and TAMPA, Fla. , March 27, 2019 /PRNewswire/ -- Centene Corporation (NYSE: CNC) ("Centene") and WellCare Health Plans, Inc. (NYSE: WCG) ("WellCare") today announced that Centene will acquire WellCare in a cash and stock transaction for $305.39 per share based on Centen...
In case you are interested https://marketwirenews.com/news-releases/centene-and-wellcare-to-combine-to-create-a-premier-healthcare-enterprise-focused-on-government-sponsored-healthcare-programs-7897260.html
WellCare Health Plans Inc $WCG valuation models imply nice upside before earnings Tuesday...
Intrinsic Value Analysis
$WCG recent news/filings
bullish 79.27
bounce off horizontal support level
stochastics exiting oversold
uptrending
## source: finance.yahoo.com
Thu, 19 Nov 2015 21:30:00 GMT ~ Ready to Ride the WhiteWave Rally? (Plus: WCG, WSM, CMG, ETP)
read full: http://realmoney.thestreet.com/articles/11/19/2015/ready-ride-whitewave-rally-plus-wcg-wsm-cmg-etp?puc=yahoo&cm_ven=YAHOO
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Thu, 19 Nov 2015 21:03:00 GMT ~ WellCare Health Plans (WCG) Stock Continues to Face Downside Pressure
read full: http://www.thestreet.com/story/13373205/1/wellcare-health-plans-wcg-stock-continues-to-face-downside-pressure.html?puc=yahoo&cm_ven=YAHOO
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Thu, 19 Nov 2015 13:30:00 GMT ~ Children's Pediatrics Center In Canton, Georgia Earns National Recognition For Patient-Centered Care With Support From WellCare Health Plans
[PR Newswire] - WASHINGTON, Nov. 19, 2015 /PRNewswire/ -- The National Committee for Quality Assurance (NCQA) today announced that Children's Pediatrics Center LTD in Canton, Georgia has received NCQA Patient-Centered ...
read full: http://finance.yahoo.com/news/childrens-pediatrics-center-canton-georgia-133000727.html
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Wed, 18 Nov 2015 13:35:42 GMT ~ WellCare to Create 250 Full-Time Jobs and to Open Nine Offices in Iowa
[at noodls] - WellCare to Create 250 Full-Time Jobs and to Open Nine Offices in Iowa
read full: http://www.noodls.com/view/8422B55B29DBEE1EA73B67286A82AC5CFE7CE002
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Wed, 18 Nov 2015 13:30:00 GMT ~ WellCare to Create 250 Full-Time Jobs and to Open Nine Offices in Iowa
[PR Newswire] - DES MOINES, Iowa and TAMPA, Fla., Nov. 18, 2015 /PRNewswire/ -- WellCare Health Plans, Inc. (NYSE: WCG) announced today that it is creating 250 full-time positions and opening nine offices across the state ...
read full: http://finance.yahoo.com/news/wellcare-create-250-full-time-133000801.html
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$WCG charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$WCG company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/WCG/company-info
Ticker: $WCG
OTC Market Place: Not Available
CIK code: 0001279363
Company name: Wellcare Health Plans, Inc.
Incorporated In: DE, USA
$WCG share structure
## source: otcmarkets.com
Market Value: $3,496,209,692 a/o Nov 20, 2015
Shares Outstanding: 44,105,080 a/o Nov 03, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.01
$WCG extra dd links
Company name: Wellcare Health Plans, Inc.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/WCG/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/WCG/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=WCG+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=WCG+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=WCG+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/WCG/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/WCG/news - http://finance.yahoo.com/q/h?s=WCG+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/WCG/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/WCG/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/WCG/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/WCG/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/WCG/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/WCG/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/WCG/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/WCG/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=WCG+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/WCG
DTCC (dtcc.com): http://search2.dtcc.com/?q=Wellcare+Health+Plans%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Wellcare+Health+Plans%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Wellcare+Health+Plans%2C+Inc.&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/WCG/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/WCG
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/WCG/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/WCG/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/WCG/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001279363&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/WCG/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/WCG/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/WCG/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/WCG/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=WCG&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=WCG
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/WCG/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=WCG+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=WCG+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=WCG
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=WCG
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=WCG+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/WCG/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=WCG+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/WCG.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=WCG
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/WCG/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/WCG/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/WCG/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/WCG/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/WCG
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/WCG
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/WCG:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=WCG
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=WCG
$WCG DD Notes ~ http://www.ddnotesmaker.com/WCG
$WCG DD Notes ~ http://www.ddnotesmaker.com/WCG
bullish
$WCG recent news/filings
## source: finance.yahoo.com
Fri, 26 Dec 2014 18:21:09 GMT ~ NYSE stocks posting largest percentage decreases
[AP] - A look at the 10 biggest percentage decliners on New York Stock Exchange at 1 p.m.: Tableau software Inc. fell 9.2 percent to $61.03. Intrexon Corp. fell 8.7 percent to $23.80. Arista Networks fell 8.7 ...
read full: http://sg.finance.yahoo.com/news/nyse-stocks-posting-largest-percentage-175507757--finance.html
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Wed, 24 Dec 2014 16:46:52 GMT ~ WellCare of Florida and Sarasota Memorial Hospital Sign New Contract
[at noodls] - Company's Medicaid Members Continue to have In-Network Coverage at Sarasota Memorial TAMPA and SARASOTA, Fla. (Dec. 23, 2014) - WellCare Health Plans, Inc. (NYSE: WCG) and Sarasota Memorial Health Care ...
read full: http://www.noodls.com/view/026EBD22C5EB4B863B06EA37408E1402EE959BAD
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Tue, 16 Dec 2014 14:14:14 GMT ~ WellCare Promotes Munson, Reynolds to Senior Vice President, Division President
[at noodls] - TAMPA, Fla. (Dec. 16, 2014) - WellCare Health Plans, Inc. (NYSE: WCG) announced that it has promoted Kelly Munson to the position of senior vice president, division president and product. Munson will have ...
read full: http://www.noodls.com/view/9513241FC3A57888D8DBE6F42E339BE99D6D1F64
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Tue, 16 Dec 2014 14:14:14 GMT ~ WellCare Appoints Todt Senior Vice President, Chief Legal and Administrative Officer and Secretary
[at noodls] - TAMPA, Fla. (Dec. 16, 2014) - WellCare Health Plans, Inc. (NYSE: WCG) announced it has appointed Blair Todt to the newly created position of senior vice president, chief legal and administrative officer ...
read full: http://www.noodls.com/view/7834FE5D92BBE1C4C3BD9918AFB13B17EF62762B
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Tue, 16 Dec 2014 13:50:20 GMT ~ WELLCARE HEALTH PLANS, INC. Files SEC form 8-K, Change in Directors or Principal Officers, Other Events, Regulation F
read full: http://biz.yahoo.com/e/141216/wcg8-k.html
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$WCG charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$WCG company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/WCG/company-info
Ticker: $WCG
OTC Market Place: Not Available
CIK code: 0001279363
Company name: Wellcare Health Plans, Inc.
Incorporated In: DE, USA
$WCG share structure
## source: otcmarkets.com
Market Value: $3,699,047,727 a/o Dec 26, 2014
Shares Outstanding: 43,905,611 a/o Nov 04, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.01
$WCG extra dd links
Company name: Wellcare Health Plans, Inc.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/WCG/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/WCG/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=WCG+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=WCG+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=WCG+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/WCG/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/WCG/news - http://finance.yahoo.com/q/h?s=WCG+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/WCG/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/WCG/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/WCG/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/WCG/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/WCG/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/WCG/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/WCG/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/WCG/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=WCG+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/WCG
DTCC (dtcc.com): http://search2.dtcc.com/?q=Wellcare+Health+Plans%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Wellcare+Health+Plans%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Wellcare+Health+Plans%2C+Inc.&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/WCG/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/WCG
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/WCG/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/WCG/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/WCG/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001279363&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/WCG/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/WCG/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/WCG/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/WCG/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=WCG&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=WCG
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/WCG/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=WCG+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=WCG+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=WCG
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=WCG
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=WCG+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/WCG/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=WCG+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/WCG.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=WCG
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/WCG/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/WCG/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/WCG/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/WCG/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/WCG
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/WCG
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/WCG:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=WCG
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=WCG
$WCG DD Notes ~ http://www.ddnotesmaker.com/WCG
In medical field where they are located "rumor" has it they are about to purchase another insurance company. It's rumor- but three providers who do not know each other have all said it.
Was about to sell, but this thing just keeps climbing- their business is strong in FL.
Every time I think about selling this happens! Great day
I have had this stock for a good ride. Anyone have an opinion on it. Everything still looks good to me, have been in long, but trying to decide if it's exit time.
May be worth a look..
http://investorshub.advfn.com/boards/board.aspx?board_id=18614
~ Wednesday! $WCG ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $WCG ~ Earnings expected on Wednesday *
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.
http://stockcharts.com/h-sc/ui?s=WCG&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=WCG&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=WCG
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=WCG#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=WCG+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=WCG
Finviz: http://finviz.com/quote.ashx?t=WCG
~ BusyStock: http://busystock.com/i.php?s=WCG&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=WCG >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
I am sorry for your losses, be it paper or realized. I found this stock at close to 20 and watched it to 30 before i bought, realizing its a gamble based on what the sec decides to do or not do. i happen to think this will get cleared by the powers that be and will gain back its share price, at the very least offer an opportunity for those that had to margin sell, buy again....owning on margin is always a gamble at best anyway...glty
Oh and i agree with the part about it falling 20 dollars if it does i will buy alot just like last time.This one will in turn decrease some millionares and create some at the same time.
I think it was mainly market over reaction than anything else and that is just my opinion.I know a bunch of people myself included took advantage of that tumble and i hope all the people that were done wrong get retribution but,do not fully blame this on the co. when all the hedgie's bail.
GLTU
These corp exces will pay for what they did to us investors who lost 90% of our stock values and had margin calls we had to be forced to sell into!
This stock and company technically has to close a tech gap below $30.00 which it did not, and is only moving up very cautiously on wishes and hopes, and with current market conditions I am waiting for a nearly $20.00 per share drop still before it is safe to re-enter and buy long term again- that is if they are not closed down or lose their position to Humana or United Health or another.
But not having any salient information as to what is going on makes this more risky than buying into OTC stocks in my opinion. Many peoples' retirements suffererd now as did many States and other large funds that held this supposedly safer large cap issue right along with safer dividend paying large cap US bank stocks...
Many people will not have a Christmas this year because of what these corp execs did to cause their stock to tumble over 90% in 4 days and yet, they all still own $multi-million homes and assets.
nice....i got in at 30 and have added until 40....will ad more as we get more news if it doesnt run to fast.....glty
I actually have very few shares left got in at 22 and most were gone at 40.00 still have a few though
ahhhh thanks mrcigar.....will check it out
Busy IN yahoo Board
Not to badly though
No, smart....if the market were risk free, everyone would be here. GLTU!
i still have no worries
Falling Knives: Wellcare Health and BankUnited
http://www.minyanville.com/articles/bkuna-WCG-fbi/index/a/14771/from/yahoo
UPDATE 3-WellCare shares soar as report downplays probe
Reuters - November 05, 2007 1:09 PM ET
Related Quotes
Symbol Last Chg
WCG Trade 37.06 +9.69
Real time quote.
(Rewrites first paragraph, adds analyst comment, byline, updates shares)
By Lewis Krauskopf
NEW YORK, Nov 5 (Reuters) - Shares of WellCare Health Plans Inc (WCG) jumped more than 40 percent on Monday after a news report implied less harm could come from a probe hovering over the health insurer than had previously been expected.
The company, which also reported a preliminary 67 percent rise in quarterly profit, has seen its shares battered after its offices were raided by state and federal agents last month. Few details about the probe have emerged.
WellCare serves 2.3 million low-income, elderly and other members through government-sponsored Medicare and Medicaid health plans.
The Wall Street Journal reported over the weekend that the raid was spurred at least in part by allegations that the company had inflated its mental health-care costs to keep money it should have refunded to Florida's Medicaid program.
"The third-quarter results are overshadowed by market speculation that the outcome of the investigation will leave more equity value than was implied last week when shares were trading below $25," Goldman Sachs analyst Matthew Borsch said in a research note.
Borsch said investors are reacting to implications from the report that the probe's ramifications might be less severe.
Shares of WellCare were up $9.82, or 35.9 percent, to $37.19 in afternoon trade on the New York Stock Exchange after climbing as high as $39.55. Before the raid last month, they were trading above $115.
The Journal's report, which cited a person familiar with details of the investigation, said the federal and Florida investigation followed the filing of a whistle-blower lawsuit by a former employee of Harmony Behavioral Health, a WellCare subsidiary.
The company's practices allegedly defrauded the state and federal health-care programs of more than $35 million over five years, the newspaper said.
WellCare said it has not been served with and has not seen the whistle-blower lawsuit referenced in the article.
Jefferies & Co analyst Brian Wright raised his rating on WellCare shares to "buy" after the Journal's report, and his price target on the shares to $50.
Wright increased the probability that the end result of the probe would be just a fine to 84 percent from his previous projection of 53 percent.
The company also said on Monday it had learned that a former employee of its special investigations unit filed a lawsuit in state court in Leon County, Florida, last month against several defendants, including the company and one of its subsidiaries.
The company said the suit is under seal so it is unable to determine whether it relates to the government probe.
Analysts have speculated that last month's raid could relate to a possible whistle-blower lawsuit brought by a former or current employee.
In preliminary results reported on Monday, third-quarter net income rose to $72.4 million, or $1.71 per share, from $43.3 million, or $1.06 per share, a year earlier.
Excluding a gain related to legal matters, earnings of $1.57 were 5 cents ahead of analysts' expectations, according to Reuters Estimates.
Revenue rose 41.7 percent to $1.43 billion. WellCare cited the launch of a Medicaid health plan in Georgia and growth in its Medicare plans for seniors.
Total membership rose nearly 8 percent to 2.34 million from a year earlier. WellCare reported 160,000 members in its Medicare Advantage plans at Sept. 30 compared with 87,000 a year before.
The company said last week it would not submit its quarterly filing to regulators until an independent investigation into the matter had finished.
WellCare said it is cooperating with the U.S. Department of Justice, the U.S. Federal Bureau of Investigation, the U.S. Department of Health and Human Services Office of Inspector General and the Florida Attorney General's Medicaid Fraud Control Unit. (Editing by Steve Orlofsky and Gerald E. McCormick)
Not so sure bout that but definately trade with concern
Premarket low was $29.99. Trade it today... don't forget to sell. These guys are in as big a trouble as you can get.
42 BUCKS premarket!!!!
WCG
Wellcare Group
Pre-Market Quotes | Pre-Market Charts | After Hours Quotes | After Hours Charts Nov. 2, 2007 Market Close: $ 27.37
Pre-Market Trade Reporting
Pre-Market
Last: $ 41.49 Pre-Market
High: $ 42.24
Pre-Market
Volume: 867,000 Pre-Market
Low: $ 29.99
direction confirmed.
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