Opinions
Gordon Reid
Anthem Inc
ANTM-N
TOP PICK
Jan 19, 2021
A large US health insurer (40 million Americans) and highly profitable. They'll make $26/share next year. Cheap at 12x earnings, and at least a 7% free cash flow. No, health insurance won't be in trouble when the Democrats take office, because about 170 million American hold private health insurance plans based on a 75% satisfaction rate. So, it's unlikely there'll be a radical change in American healthcare. (Analysts’ price target is $365.86)
$324.890
Stock price when the opinion was issued
medical services
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TOP PICK
Health insurance is exciting. Their valuation trades at a decent 15x earnings. He targets $29 EPS this year. Their growth rate is solid double digits. A great area to hide if you worry about inflation. Revenues are protected, because government programs adjust for inflation. They insure 43 million Americans and he predicts 49 million by the end of this year. Aging demographics are a boost.
(Analysts’ price target is $490.21)
medical services
BUY
They just rebranded and the ticker is now ELV. About 50% of their business comes from the commercial insurance market, the rest from government contracts. Past recessions didn't really impact their business. They insure about 50 million US citizens. Their major peer is UnitedHealth, but he prefers Athem because its valuation its 5 PE points lower.
medical services
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