Anyone know why? Our Plan President looks stressed!!!!!
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Not true. He is very interactive and likes to do "tours" to get the real scoop on things. He said that the week he came on board when he toured every health plan. He said he periodically likes to drop in on the plans and that he would be doing so. The fact is that Ohio continues to be a money maker for Molina. Ohio is considered part of the Big Four in terms of health plans that make money. You have to look at it like this yes they can coming to Ohio and swing the big ugly Acts and yes short-term it will save you money but long-term it would cost the plan money because departments alike would start to suffer. You can make the argument that maybe Molina is looking to save money short-term because of a possible sell-off or a buyout or merger anything but other companies have people who do nothing but due diligence and do nothing but find out facts on what it would cost them to either replenish or let-go departments so in my opinion it doesn't make much sense 2 possibly drive away a potential buyer that knows how Godly expensive it is to acquire a company fix it up and package it for the world to see by cutting down it Department or several at that unnecessarily. Especially dang States such as Ohio. If you want my opinion I don't think that many people a company's I should say are chomping at the bit to get their hands on Molina as a whole. Everyone on here says the stock is an inflated price now I don't know that to be true or not but if the stock is indeed inflated why in the world would you want to pay a premium price for a company that reportedly has so many problems. If you look at the actual stock price in terms of investors there have been a lot of big-name players who have dropped ownership in Molina as an institution people like Goldman Sachs t.rowe price TIAA. These are just a name a few oh, these are big-name players. For those who don't follow stocks I can tell you that when people like Goldman Sachs buy into a company or increase their ownership in an institution the stock price will Skyrocket that's how big of a player they are. You think potential buyers don't see that? That is what makes me feel like Molina is not going to get sold because no one's going to pay a premium price that big name investors have sold shares on or ownership.
Same thing happened a few weeks ago in CA and then many were laid off yesterday so brace yourselves
Something is really f---ing wrong here when your CEO visits your office and your first thoughts are fear for your job.
He is just making the rounds. He was in Fl also.