UnitedHealth Sinks
Cramer hears the market's opinion clearly on this holding. Find out whether he agrees with it.
Dear Action Alerts PLUS Subscriber,
I'm listening to a replay of the UnitedHealth Group (UNH) acquisition call, and I think the market has this one wrong.
The stock is off more than $2 a share to $51.65, even though the purchase of Mid Atlantic Medical MME helps bolster its East Coast presence and should add to earnings.
UnitedHealth consistently exceeds expectations, and is valued at only 17 times earnings, below its growth rate. I want to take advantage of today's decline and buy 500 shares of UNH, giving me a total of 2,000.
Regards,
James J. Cramer
DISCLOSURE: At the time of publication, Cramer was long UnitedHealth Group.