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$32.75 -0.41 (-1.24%)
11/30/2009 2:46 PM

WellCare Health Plans, Inc. (WCG)

CAPS Rating:
****

The Company provides managed care services exclusively to government-sponsored healthcare programs, focusing on Medicaid and Medicare.

Rating a stock in CAPS consists of three components:

Your call - Will this stock outperform or underperform the S&P 500? Successful picks are measured in terms of whether or not you were correct and by how many percentage points.

Your time frame - A guideline for other members to see whether your thinking is short or long-term. Time frame is also used to calculate the stock rating, but is not used in the scoring of your pick.

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What the Community Thinks

Total Members

465 Outperforms
36 Underperforms
 

All-Stars

125 Outperforms
6 Underperforms
 

Wall Street

7 Outperforms
1 Underperforms
 

Members bullish on WCG are also bullish on:

Members bearish on WCG are also bearish on:

Ticker Tags

Healthcare (732), Healthcare Providers and Services (127), Tampa (2), Defensive (1498), Small Cap (1619)
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WellCare Health Plans, Inc. At A Glance

Current Price: $32.75
Last Trade Time: 11/30/2009 2:46 PM
Open: $33.14
Previous Close: $33.16
Daily Range: $32.26 - $33.42
52-Week Range: $6.23 - $34.24
Volume: 264,045
Market Cap: $1.39B
P/E Ratio: 6.44
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Stock Trends

WCG VS S&P 500 (SPY)

News & Discussion Boards

Other News Headlines for WCG

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Top Bull Pitch

Recs

1

WellCare Health Plans, Inc. (WCG)

Avatar ACMIP (99.64) Submitted: 4/07/09 12:09 PM

Currently trading hands at a ludicrously low single digit multiple to FCF, Wellcare is providing investors with nothing short of an incredible opportunity to earn a double or more with relatively low risk over the next year or so.

As Bruce Berkowitz said recently in the latest OID, "Once WellCare ...More

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Top Bear Pitch

Recs

6

WellCare Health Plans, Inc. (WCG)

Avatar ValueGuru (< 20) Submitted: 6/02/08 9:49 AM

I am amazed at everything I am reading. I bought Wellcare at its near low of $25 a share and sold at $49 (a price I was delighted with!). Since then thuogh the industry has had a dip, that is based on more than just rumour - the fundamentals behind medical costs are very real. We know little about W...More

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CAPS Members

picks per page. CHANGE

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Recs

0

 (WCG)

Avatar minnjim1 (80.33) Submitted: 9/19/09 12:39 AM : Outperform Start Price: $26.34 WCG Score: 20.79

Possible benefit from Obamacare

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Recs

0

 (WCG)

Avatar DavidBear (54.88) Submitted: 8/11/09 1:16 AM : Outperform Start Price: $23.75 WCG Score: 28.32

$6.8B Sales trading for cash on hand. Although legal matters scare me, I think that the market has oversold this stub.

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Recs

0

 (WCG)

Avatar dhtobey (94.27) Submitted: 4/07/09 5:47 PM : Outperform Start Price: $13.28 WCG Score: 111.48

EMA Cross

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Recs

1

 (WCG)

Avatar ACMIP (99.64) Submitted: 4/07/09 12:09 PM : Outperform Start Price: $12.14 WCG Score: 134.79

Currently trading hands at a ludicrously low single digit multiple to FCF, Wellcare is providing investors with nothing short of an incredible opportunity to earn a double or more with relatively low risk over the next year or so.

As Bruce Berkowitz said recently in the latest OID, "Once WellCare concludes its legal issues -- and the settlement reserves and outrageous legal and accounting bills stop -- their true earnings power will become apparent." I agree. Wellcare's ability to generate cash over the next few years and beyond is being obscured by a number of temporary issues/concerns (both company and industry specific), none of which permanently impair their franchise. The bottom line is that this company is just way to cheap relative to its long term earnings power. Outperform.

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Recs

0

 (WCG)

Avatar joesao (< 20) Submitted: 3/24/09 11:21 AM : Outperform Start Price: $11.02 WCG Score: 161.19

Wellcare has recently filed all of its late financial statements and is in compliance with listing rules. Fairholme owns its debt maturing in May, so they won't have a problem refinancing it (Fairholme also owns 20% of the equity). This company has earning power of $5 per share. If you assume the government will squeeze their margins, and earnings drop by half, you're still buying it at 5x earnings today. So it's a compelling buy no matter what; nobody else can do Medicare/Medicaid if not for these specialized HMOs.

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Wall Street

Results 1 - 8 of 8  

picks per page. CHANGE Expand All Pitches

Top
Pick
Member NameMember RatingStart
Date
CallTime FrameStart
Price
Stock
Gain
S&P
Gain
ScorePitch
TrackCollinsStew 65.65 10/01/09 Outperform NS $25.42+28.64%+4.82%+23.82
TrackPabrai 81.32 07/16/09 Outperform 1Y $17.90+82.68%+18.22%+64.46 Toggle the visibility of 60-Second Pitch and replies
TrackBofASec 91.57 08/21/08 Outperform NS $42.06-22.25%-10.92%-11.34
TrackEdwardOwens 98.61 06/13/08 Outperform 1Y $48.48-32.55%-15.62%-16.93 Toggle the visibility of 60-Second Pitch and replies
TrackBerkowitz 81.24 11/30/07 Outperform NS $40.10-18.45%-22.09%+3.64 Toggle the visibility of 60-Second Pitch and replies
TrackJimCramer 59.79 11/26/07 Underperform 3W $37.38-12.52%-18.65%-6.13
TrackJefferies < 20 11/05/07 Outperform NS $38.60-15.28%-23.38%+8.09
TrackRonBaron < 20 09/30/07 Outperform NS $105.43-68.98%-24.85%-44.13 Toggle the visibility of 60-Second Pitch and replies

Results 1 - 8 of 8  

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