Health Net, Inc. (HNT) is one of the nation's largest publicly traded multiregional managed care companies, offering a full range of healthcare services through its HMO, PPO networks and government-sponsored programs. In our opinion, HNT s current contract with the Defense Department to provide services to 2.9 Military Health System (MHS) eligible beneficiaries and recently issued formal request by TRICARE augurs well for earnings stability over the long term. In addition, we believe HNT s significant market share in the key states of California and New York, make it a potential acquisition target at current levels given industry
consolidation trends and move to a Buy rating.
by Tacks
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$31.97 (04/02/08)
