Readers of this blog will not be surprised to see Coventry Health Care's stock down 48% this afternoon after its earnings call this morning.
That is a 77% drop from their 52-week high.
Last July I commented on their earnings call where senior management used the precise financial term "sort of" 63 times to explain their then earnings and operations situation: Required Reading for Health Care Analysts and Coventry Health's "Sort of" Informative Conference Call
Well, three months later they're "sort of" in the crapper.
Joe Paduda, over at Managed Care Matters, has been following the Coventry problems more closely than I and has a number of recent posts on their problems.
A Health Care Reform Blog––Bob Laszewski's review of the latest developments in federal health policy, health care reform, and marketplace activities in the health care financing business.
Subscribe
Avoid having to check back.
Subscribe to Health Care Policy and Marketplace Review and receive an email each time we post.
Blog Archive
-
▼
2008
(151)
-
▼
October
(9)
- Can Health Plans Explain Why They Aren't Re-Empowe...
- Health Wonk Review is UP!
- The McCain Health Plan's Good Idea for Health Care...
- Coventry Health Care Stock Down 48%--"Sort of" No ...
- What Impact Do Medical Costs Have on Home Mortgage...
- Demystifying U.S. Health Care Spending--Some Surpr...
- HIGH AND RISING COSTS: DEMYSTIFYING U.S. HEALTH CA...
- Time to Get Real--On the Economy and Health Care R...
- The Big Elephant in the Room During the Presidenti...
-
▼
October
(9)