The decreasing stock price is very concerning…is it time to sell? How long before it rebounds, if ever?
10 replies (most recent on top)
I have been reading a lot since losing over $4000. Most are saying 2030 should be the year it goes to $90 a share. I have went this far I will see it through and pray it does so I can SELL....
@a5 That's a bear case. Bull case is stock recovers to 50+ in another 2 Q.
Remember CNC has about $150B in annual revenue, if they can get 2 or even 3% margin - NET profit alone would be about $4B to $5B
@kn When you put tariffs on the countries that produce most pharmaceuticals in America, the cost of dr-gs will never go down. Let’s not forget he undone what Biden did to cap certain medications . Maybe do some research.
@a5 Trump gave pharma companies 60 days to figure out how to cut cost for Medicaid dr-gs. All for the benefit of companies like centene. Can’t help with the layoffs but keep the stock it’s crazy to sell at the bottom.
I personally wouldn’t sell, I would be using this time to buy cheap stocks and when the next administration comes, hope they fix things. I would just cost average the stock so the gains and losses can average out since you would have been buying stock from the period where they were at the higher end.
@a5 what exactly makes you so sure there will be a next administration to overturn the current disaster? What is this magical pendulum you all rely on so heavily? Nothing about any of this is normal. It's delusional to think we'll just bounce back.
@OP I sold all of shares acquired thru EPP in two trenches after the last election and also stopped buying more. There was no way I could see that the incoming administration would be good for Centene. It’s gonna go lower IMO for the intermediate term.
As low as the morals and ethics of the C-Suite losers that run this sh-t show.
@a5 I basically agree. I would be more concerned about investment/bond rating being downgraded to junk status (likely) and/or the Feds start looking around like they are with United Healthcare. Either happens and it’s bad. Both happens and it’s catastrophic. As for jobs, last week I thought Centene survives but much smaller than now headcount wise. Today? Not sure it survives at all.
You missed your window of opportunity to sell. Yo can sell to cut as much of a loss you have today but Unfortunately, Centene will have to ride this massive wave until next administration comes in to overturn the big beautiful bill to regain itself. Cost of health insurance will rise as there are many unhealthy individuals out there that lied on their forms to receive health insurance. I wouldn't be surprised if Centene sells to another MCO for pennies on the dollar. They already lost $6B in market capital (investors money) in just 3 weeks!! If lawsuits keep coming in (which they are), they would have to settle and wipe out more money and investors don't like this. So that would make other investors worried and pull back on any capital funding. I wouldn't be surprised to see their market capital jump down another $2B to $4B by end mid to end of August.