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Wellpoint (WLP): Buyback of $5 billion

|Includes:AET, Anthem, Inc. (ANTM), CI, HUM, UNH

Wellpoint filed an 8-k stating that they have increased their buyback by $5 billion which is more than 20% of market cap. On September 12th they had blessed a range of $6.90 - 7.10 (incl.15 gain) for 2011.  This is a very good defensive holding with a more than reasonable valuation of 9X EPS. They recently purchase an interest in a private health insurance exchange, prepping for Obamacare should it not get beaten down by Supreme Court.  I have a long position in WLP.

Stocks: ANTM, UNH, CI, AET, HUM