This Internet healthcare company beat estimates by four cents in its latest quarter, and is attracting new big money. Hedge fund interest has increased 30% recently, with 26 funds owning shares at the end of the quarter.
WebMD Health Corp. (WBMD)
From Positive Patterns
WebMD Health Corp. (WBMD) shows a nice positive pattern; the stock just made new highs and now has backed up a bit.
I would buy this one up to $50 and doubt it will drop much below $45, where I would be an aggressive buyer.
I think this company has a bright future of higher earnings. The ad business in the healthcare area has all sorts of potential for WBMD. The company’s customers are Pfizer, Merck, Humana, and Aetna, etc.—an impressive customer list.
A lot of ads on the Internet don’t work, nor are very useful, but this business is the exception. And with mobile/use exploding in the healthcare business, WBMD has some good cards to play that should result in some pleasing growth ahead.
Bob Howard, Positive Patterns, P.O. Box 310, Turners, MO 65765, 417-887-4486, December 15, 2015