Health Care will always be a area where plenty of revenue passes through the company. The question I ask you is, when was the last time you haggled with your doctor over the price of a medication or supply.
Both Cigna and Humana are sister trades, both are at yearly lows which makes them cheap and lean. The intention is to diversify in a sector in an area that is not over capitalized and also still subject to innovation and development.
Scary events like Lehman’s fall and AIG’s takeover are inspiring what you might call “Prozac disclosures,” intended to soothe anxious investors.
For example, on Friday Constellation Energy Partners (CEP) reported to investors that it had no bad news to report. In this press release, it said it had “no hedging or other contractual counterparty exposure” to Lehman or its affiliates. (However, it faces other challenges.)
Companies with some exposure to last week’s crop of failed companies are also doling out the Prozac. For instance, Cigna (CI) filed this 8K Friday, disclosing holdings of $10
For a few days this September, speculation was ripe that CI Financial (CIX.UN:TSX) would trade its 100% stake in investment dealer Blackmont Capital for a minority position in Canaccord Adams (CCI:TSX).
The Globe and Mail’s Andy Willis broke the story, and once word was out, employees at both firms needed to find out what was happening to their firm and their particular place in it. If you’re an equity research analyst, and you’re not as well-ranked as the other guy — you naturally assume that it is time to find a new job. Resumes get fired out that evening from the home email account.
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