VOO is up 70% at the same time. No pressure Cigna leadership, take your time.
Source: Google Finance.
5 replies (most recent on top)
@zw Good point. Health insurance and PBMs seem to be a dying industry.
I'm seeing 12%.
But I also see United is at -11.8% over 5 years. CVS meanwhile is up 2%.
So sure, we're not doing great compared to the index, but it seems like we're doing ok compared to others in our industry.
I'm not trying to praise leadership or anything. I hate offshoring and stock buy backs. But I do want to be honest when we look at the numbers.
I feel like their stock would do better if they relied more on stability than pushing higher numbers each quarter despite all logic of what it will do to the company in the long term. Healthcare is one of those things people invest in for stability - because everyone needs healthcare. Cigna doesn't exactly fit into that picture, though. Not everyone needs this specific middleman - and they're becoming synonymous with "chaos". Also, if everyone learns all their PHI data is being sent to and worked in India, that doesn't exactly inspire confidence either.
Just my 2 cents as an educated investor that both works here and has zero interest in the stock.
The solutions for Cigna leadership are more layoff and offshoring. They are working on it, we can wait for another 5 years and see how it goes ..
@OP Investors would have made more money in a money market account or CDs. No wonder Cordani is out.