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I'm enjoying UNH's ride down south :) Aaah I love it when the knifes come out. This company can be a great recession proof aquisition once it reaches the right price.
PS: I don't agree with the P/E on the MSN spreadsheet. It is far too low for a 16% grower. I'd advise anyone interested in that one to try different P/E ratios for their calculations. Something like 20 or 22 is more appropriate IMO.
Also, they will have to re-state their figures. Apparently the adjustment is 'considerable' (they have to adjust for all that 'considerable' cream the cat's got). So the figures may or may not be so good any longer.
We shall see...
If the stock goes below the 43.5 support then we are in for more blood. Next stop is 41.44. After that we are very very very close to a sensible MOS.
35.60 - 36.00 is a MOS buy flat out me reckons.
Any takers?
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Anything too stupid to be said is sung. [Voltaire]
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