CNC CENTENE (CNC)

[MiamiGent]

CNC Further to the sudden plunge yesterday at the open. While the company beat nicely top and bottom lines and raised guidance there was a $300M set aside under Goodwill to account for problems in CA and AZ that came with its recent acquisition. That it was somewhat obliquely buried in Goodwill spooked the investing community. The set aside will address the expense in full. Amortized monthly, it'll be finished by EOY.
These acquisitions usually come with some problems.
I averaged twice and am within striking distance of B-E but want profit, too :)