Cigna Group and Humana Inc. shares both fell sharply today on a leaked rumor of a potential combination. Shareholders of Cigna and Humana were both flummoxed by the simultaneous decline; typically a takeover candidate rises in price on merger news,…
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The Cigna Group (CI-NYSE, $262.87) Contemplates Blowing the Last Three Years of Progress on a Highly Dilutive Acquisition of Humana Inc. (HUM-NYSE, $482.41).
Posted in Open Blog
Cigna Group (CI-NYSE, $310.61) is Less Than one Quarter Away From Commencement of the Centene PBM Contract Start.
Cigna reported a strong earnings result for Q3. The commercially focused health insurer and second largest PBM (pharmacy benefit manager) in the United States produced a Q3 fiscal result ahead of Wall Street expectations. https://www.prnewswire.com/news-releases/the-cigna-group-reports-strong-third-quarter-2023-results-raises-2023-adjusted-eps-revenue-and-cash-flow-outlook-301975561.html Cigna’s newest PBM contract win…
Posted in Open Blog
Everyone has a Plan Until They get Punched in the Mouth.
Todos tenemos un plan (Everyone has a plan) (Viggo Mortensen) Everyone has a plan until they get punched in the mouth (Mike Tyson) No plan survives contact with the enemy (Field Marshall Helmut von Moltke) The Mexican government announced a…
Posted in Open Blog
Wage Inflation may Force Central Bankers to Produce a Harder Recession than Most Currently Model into Investment Forecasts.
Reports that Waffle House employees demand a starting wage of $25 per hour bodes ill for the US economic fight against inflation. A number of Waffle House Restaurants staff, negotiating under the Union of Southern Service Workers, have gone on…
Posted in Open Blog
Gnostic Capital Portfolio Return for the Fiscal Quarter Ended 09/29/23.
The fiscal quarter was all red ink for the major indices. The S&P 500 declined by 3.6%, the DJIA fell by 2.6% and the NASDAQ Composite Index declined by 4.1% for the third quarter of 2023. The Gnostic Portfolio was…
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