WellCare Health Plans, Inc. (NYSE:WCG)

CAPS Rating: 3 out of 5

The Company provides managed care services exclusively to government-sponsored healthcare programs, focusing on Medicaid and Medicare.

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Member Avatar kwzuber (< 20) Submitted: 10/2/2013 9:07:15 PM : Outperform Start Price: $72.39 WCG Score: -9.84

Growth

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Member Avatar cosmokramerrules (83.82) Submitted: 1/7/2012 11:54:42 AM : Outperform Start Price: $55.45 WCG Score: -14.45

Fortune 500 top-ten performing stock from 2011.

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Member Avatar flyingcar (41.58) Submitted: 3/12/2010 6:54:09 PM : Outperform Start Price: $29.04 WCG Score: +101.30

Good free cash flow
low debt
attractive P/E ratio

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Member Avatar DavidBear (< 20) Submitted: 8/11/2009 1:16:46 AM : Outperform Start Price: $23.75 WCG Score: +136.56

$6.8B Sales trading for cash on hand. Although legal matters scare me, I think that the market has oversold this stub.

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Member Avatar joesao (< 20) Submitted: 3/24/2009 11:21:31 AM : Outperform Start Price: $11.02 WCG Score: +483.33

Wellcare has recently filed all of its late financial statements and is in compliance with listing rules. Fairholme owns its debt maturing in May, so they won't have a problem refinancing it (Fairholme also owns 20% of the equity). This company has earning power of $5 per share. If you assume the government will squeeze their margins, and earnings drop by half, you're still buying it at 5x earnings today. So it's a compelling buy no matter what; nobody else can do Medicare/Medicaid if not for these specialized HMOs.

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Member Avatar vinvestpro (98.83) Submitted: 11/13/2008 2:34:03 PM : Outperform Start Price: $8.57 WCG Score: +709.24

cash machine, buy with every penny u have

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Member Avatar Germaine1 (73.21) Submitted: 11/13/2008 9:44:44 AM : Outperform Start Price: $10.07 WCG Score: +561.07

combination of market downturn and the feds

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Member Avatar ryanman000 (21.78) Submitted: 10/29/2008 2:40:27 AM : Outperform Start Price: $21.45 WCG Score: +152.71

Fairholme, tracking

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Member Avatar FBBecerra (< 20) Submitted: 8/22/2008 3:16:10 AM : Outperform Start Price: $42.82 WCG Score: +24.54

aFTER ELECTION CYCLE ALL WILL BE ON TABLE IN NAT HEALTH CARE DEBATE AND REFORM AND THEY ARE WELL POSITIONED AT LOCALE AND STAT LEVELS THROUGH OUT COUNTRY ESPECIALLY BY MEANS OF THE AND BACKING OF THE SOROSS CONNECTIONS AND GROUP THEIR CONTACTS AND CONTRACT SIGNED AND PENDING...

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Member Avatar max03 (90.58) Submitted: 7/23/2008 2:49:52 AM : Outperform Start Price: $36.60 WCG Score: +56.07

The value of this company did not drop 80%

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Member Avatar MoneyForHire (74.54) Submitted: 7/1/2008 9:19:47 AM : Outperform Start Price: $36.07 WCG Score: +57.49

Reasonable bet that this stock will outperform in the long term.

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Member Avatar TMFDonauschwaben (97.45) Submitted: 6/10/2008 11:04:52 AM : Outperform Start Price: $49.66 WCG Score: +6.45

With Pabrai and Berkowitz of Fairholme on board, I'm also a believer that the hit this company took following the news of an investigation was a bit exaggerated. It should emerge fundamentally unscathed.

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Member Avatar ValueGuru (< 20) Submitted: 6/2/2008 9:49:23 AM : Underperform Start Price: $54.46 WCG Score: +4.30

I am amazed at everything I am reading. I bought Wellcare at its near low of $25 a share and sold at $49 (a price I was delighted with!). Since then thuogh the industry has had a dip, that is based on more than just rumour - the fundamentals behind medical costs are very real. We know little about Wellcare except for:

- the stock has benefitted from rumours of a takeover. However at a P/E premium to the industry's bigger players and an uncertain future, I doubt very much that the big players of UNH and HUM will entertain a takeover right now.

- the company has axed 5% of its workforce and announced a Q1 loss is likely. True some of that is related to legal fees but most of it (as evidenced by the job chops) is the result of fundamentals. We do not yet know 2007 EPS but I will bet in the current environment 2008 EPS will be lower than 2007's.

- Based on the above there is a large PE premium to which the stock is trading against its peers. And in case everyone else forgot- THE INVESTIGATION IS ONGOING - and close to an election!!!! You do not spend $32m on legal fees if the likely outcome is a $100m fine! I think this is big! I would also add the job cuts are not at the best time as having disgruntled former sales staff provide evidence will be of no help.

WHEN THIS DROPS, IT WILL DROP BIG!!!

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Member Avatar IRGB (< 20) Submitted: 5/20/2008 8:15:45 PM : Outperform Start Price: $52.05 WCG Score: +5.46

Health care is stable and this company is undervalued. With solid fundamentals and a scandal no longer an issue this thing is ready to blast off.

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Member Avatar cayamax (< 20) Submitted: 5/19/2008 10:22:15 AM : Outperform Start Price: $51.02 WCG Score: +10.07

Recently, it's been showing signs of a strong stock.

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Member Avatar dothedow (41.34) Submitted: 5/3/2008 12:41:16 AM : Outperform Start Price: $42.40 WCG Score: +40.26

valuepick

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Member Avatar delocin (< 20) Submitted: 4/28/2008 12:01:12 PM : Underperform Start Price: $41.27 WCG Score: -43.96

With risk of a Dem in office next year, and baby boomers becoming more proactive in their health, expect this stock to stay downward this year. But up as more and more baby boomers age.

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Member Avatar Jorgedig (< 20) Submitted: 4/25/2008 1:03:11 PM : Outperform Start Price: $40.95 WCG Score: +44.40

Will climb slowly again post medicare clean ups.

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Member Avatar vijaytadi (91.51) Submitted: 4/24/2008 7:39:59 PM : Outperform Start Price: $40.52 WCG Score: +47.38

This company for sure will rebound its just that it has to have some news regarding the FDA thing...once that comes out this stock will soar and will go up soon.

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Member Avatar ctnotebo (< 20) Submitted: 4/10/2008 10:49:49 PM : Outperform Start Price: $41.99 WCG Score: +36.73

I chose wellcare health plans because of the aging population. The baby boomers will be needing more medical attention as well as purchasing more prescription medications to maintain their health. Companies such as WellCare Health will benefit from this group of people in the near future.

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