Centene Corporation - $CNC

5 months ago

Waterboy Stocks

"CNC: Shares crushed 40% in 1 day after $1.8B risk-adjustment hit (-$2.75 EPS). Trades at 4.7x EV/FCF with 5yr avg FCF of $4B. Health insurance sector labeled 'uninvestable' amid high costs & Trump's $1T Medicaid cuts. Still strong balance sheet w/ 14% ROE & 5.2% investment yield. Management has $2.23B left in buyback program (14.7% of shares). Einhorn, Nygren & Ainslie bought in 60s pre-crash."

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