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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: benbuffett who wrote (78578)	11/21/2025 9:53:49 AM
From: Sean Collett	3 Recommendations Recommended By benbuffett E_K_S JohnyP Read Replies (3) \| Respond to of 78753

RE: MOH 52 week high was $359.97 and now trading at $134.51. Revenue is growing strong with nine months this year growing 13% over 2024 ($34,051M vs. $30,151M) and YoY growth was up 19% ($40,650M vs. $34,072M). They're buying up other businesses which is a good driver for this revenue growth. They have $4,221M in cash + another $4,226M in investments against $3,664M in LT debt. They did just close on $850M of new senior notes with a 6.5% rate and mature February 2031 so add that to the LT debt. Nearest maturity is the 2028 debt which is $800M outstanding due in 2028. Rest is due in 2030+. They have a BB rating by S&P and Ba2 from Moody's. FCF of $544M (after debt was $1,284M) and "core" FCF was $1,442M in 2024. Now if you include the acquisitions into FCF (I always do) then FCF was $200M and core $1,098M. Super low CAPEX business with only $275M spent total over last three years. Historical EV/EBITDA is around 10-12x and right now it's ~4x so pretty cheap compared to historical multiples. ROIC > 10%. Class action securities fraud lawsuit was recently filed as they appear to have made false statements on their premium rates and medical costs trends. Likely a buy when others are fearful moment here. They've been buying back common stock as they had 55.5M shares outstanding in their 10-K and recent 10-Q shows 51.4M. Seems like a buy. Happy investing, Sean

To: benbuffett who wrote (78578)	11/21/2025 11:47:43 AM
From: Harshu Vyas	Read Replies (1) \| Respond to of 78753

I couldn't work it out. Too complex for me. Firebird Management's Steve Gorelik's Molina Healthcare Bull Thesis $MOH - remember watching this when it came out. Maybe it will be of use to you :)