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$52.79 -0.27 (-0.51%)
8/29/2008 4:00 PM

WellPoint, Inc. (WLP)

CAPS Rating:
****

A publicly traded commercial health benefits company offering a spectrum of network-based managed care plans to the large and small employer, individual, Medicaid and senior markets.

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Recs

4

Avatar rd80 (99.73) Submitted: 6/08/08 2:28 PM : Outperform Start Price: $81.97 WLP Score: -24.63

This is why I need to enter pitches soon after making picks. I don't recall why I picked this in the first place.

Wellpoint offers a variety of managed healthcare plans to employers, individuals, Medicaid and Medicare markets. There's a lot of political uncertainty in that business.

The stock price got hammered a while back on a poor earnings report. However, at this price it looks cheap. This should be a very steady business in an uncertain economy and 9 times 2009 earnings estimates on a company with a projected long term growth rate of over 13.5% looks like a good value.

My pick is underwater as I type this. But I think there's good potential to recoup at least part of my lost points.

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