If my investment in HLTH doesn't work out, I'll just invoke the name of the CEO: "Wygod? Wygod?" [g]
Here's the complete text of that Prudential blurb:
WEBMD CORP (HLTH-$10 3/16-SBUY/SBI-TARGET:$33)
* DESPITE EXCEEDING OUR EXPECTATIONS ON ALL FRONTS, THE STOCK REMAINS UNDER PRESSURE.
* RECENTLY, JANUS ANNOUNCED THE REGISTRATION OF ITS 15M SHARES ACQUIRED IN MARCH 2000 FOR $62 PER SHARE.
* THE COMPANY'S ANNOUNCEMENT OF AN EXPENSE REDUCTION PLAN, INCLUDING THE CONSOLIDATION OF OPERATIONS, HAS HAD LITTLE UPSIDE IMPACT. THE COMPANY HAS BEEN UNABLE TO PROVIDE IN-DEPTH GUIDANCE ON THE COMBINED ENTITY, AND UNCERTAINTY REMAINS OVER FUTURE ESTIMATES.
* WE BELIEVE THE OCTOBER 12TH ANALYST MEETING WILL ELIMINATE MUCH OF THIS UNCERTAINTY, AND PROVIDE THE MUCH NEEDED NEAR TERM CATALYST.
* IN OUR OPINION, THE ULTIMATE CATALYST IS TO SHOW INVESTORS THE MONEY, WHICH WILL LIKELY HAPPEN IN EARLY 2001, AS TRANSACTION VOLUME GROWS, AND THE COMPANY ACHIEVES PROFITABILITY. |
