S&P EPS Oper. Est. 2004 3.75 P/E on S&P Oper. Est. 2004 15.9 S&P EPS Oper. Est. 2005 4.50 Dividend Rate/Share 0.02 Shs. outstg. (M) 586.7 Avg. daily vol. (M) 2.899 Tang. Bk. Value/Share 2.03 Beta 0.28 Shareholders 12,811 Market cap. (B) $ 34.9 Inst. holdings 85% Value of $10,000 invested five years ago:$ 54,372 Check that out! $10,000 became $54,372 in 5 years!
That is exactly the kind of stock that I'm looking for... but with my limitted knowledge of the stock market, I dont know if I should buy now or will it take a hit sometime in the next couple of week and lose a buck or two? According to you Freddie you think I should make an order for 60 bucks?
I feel pretty confident that $60 is a very good price. Another interesting feature about UNH right now is that they are at their all time high in stock price. This is also called blue sky country. What this means is that the stock has never been at this price so their is no upward resistance. No one has to sell the stock out to recoup losses or anything, because every investor holding now has already made a profit and doesn't have to sell. There is now downward pressure limiting the stock price. This is also the point where the momentum investors poor in to try to ride the stock to the heights. Many newsletters, brokerage house, etc will notify customers to buy. This is a great entry point.
Health care is never a bad idea for investing in. Everyone needs it, and companies can continue to rise the prices. People still require health insurance, and will have to continue to pay the premium. My health insurance is about 180.00/ month. Even though I have NEVER saw a doctor, I still pay for it..
The volume if you look at the chart has lessend gradually since around March, I dont know if thats a good or bad sign but i would keep that in mind (on friday had a lil over 2 mil)
The nice thing about health care is that you can raise prices legally and people pretty much have to pay them. Every year UNH can raise prices 9.5 to 11%. While they raise prices, they also add subscibers to their network. So this creates and ever increasing revenue stream. But that's not all. While they raise prices and add more people, that also reduces the total cost per subscriber because of aggregation. So now we have two amazing things: a sales chart that keeps going up and and earnings which keep going up too. The only worry with Health Cares is the political one. The stock can get nailed at any time because of rumors in congress, etc. However, usually nothing changes and the march upward continues.
As soon as I have 1000 dollars on my account, I'm gonna put in an order for some UNH for 60$ and hold it for a year, and with the 500$ left I'm gonna to CTKH. Wish me luck!
Good luck!
Mid Atlantic Medical (MME) just got bought out by United Health. Making them the #1 Health Insurer. How do you go wrong with that?
The completed the MME merger yesterday. That adds 5 million subscribers to the network. Not to mention, it adds a ton to earnings.
I heard holders of MME got 18.00 cash for every share they held. That is sort of nice.. :)
On Feb. 2, 2004 this closed at 59.99. They just paid a small dividend of .03 a share on March 30th. They closed at 65.12 on Friday.
Lot of upside still left in this one. Health care is not going away!
Nice bounce for health care today. Up, up, and away!
UNH is in blue sky country. All time highs.