Trigon Healthcare, formerly Blue Cross Blue Shield of Virginia went public in late January 1997 at $13.00. This organization turned a $0.26 profit per share in 4Q96 vs. -$0.30 per share (pro forma) in 4Q95.
The company has been rapidly moving to a 'managed care' organization and with an aggressive management team, plans on becoming the dominant mid-Atlantic health insurer (1.9 million members now insured).
Trigon has had one of the more successful transistions to public status this year with share price currently in the $17-18 range. Broker estimates place end of year price in the $20-22 range.
With its stable history, this apprears to be an excellent core holding. How do others view this company? |
