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Since UHN is on my watchlist....
I don't know if any of you are following the drama unfolding. There always were serious concerns about it's management. In fact, it was a major factor for not getting into this company.
Now, the senate is launching an investigation wrt CEO compensation, the CEO has to leave because of the backdating scandal and it looks like other key figures are also implicated.
Indeed, bad news. But it only confirms what guys like morningstar have been saying about the management.
I would expect the stock to tank further. In fact, this could create a lovely opportunity investing in a company which in essence has a sound business.
The key factor for a buy is going to be what unfolds in the boardroom. Is UNH going to clean up it's act? Who will replace the implicated fat cats?
Positive outcome in management restructure + low price = R1 investment opportunity here!
Fire away! Would love to hear you guys have a take on this.
PS: The price hasn't been reached yet.
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Anything too stupid to be said is sung. [Voltaire]
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