WellPoint (WLP -2%) shares continue to fall after yesterday's poor Q2 report. BMO Capital...


WellPoint (WLP -2%) shares continue to fall after yesterday's poor Q2 report. BMO Capital Markets cuts its rating on WLP to market perform from outperform and expresses skepticism about the firm's belief that it's a "canary in the managed-care coal mine." Nevertheless, the board has given public backing to under-pressure CEO Angela Braly.

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  • Stone Fox Capital
    , contributor
    Comments (9120) | Send Message
     
    A 2-3% cut in earnings doesn't justify a 15% drop in stock price. The company will scoop up cheap shares now. Thanks people!
    26 Jul 2012, 02:10 PM Reply Like
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