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Stephen L. Weiss'  Instablog

Stephen L. Weiss
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Stephen L. Weiss is an active investor, markets expert, public speaker and author. His most recent book is a novel called UNHEDGED (see below). He has also authored two well received investment books: The Big Win: Learning from the Legends to Become a more Successful Investor (Wiley, 2012) and... More
My company:
Short Hills Capital Partners, LLC
My blog:
StephenLWeiss
My book:
UNHEDGED: A Story About A Killing in the Market
  • Wellpoint (WLP): Buyback of $5 billion 0 comments
    Sep 30, 2011 5:25 PM | about stocks: WLP, UNH, CI, AET, HUM
    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.
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