Carl McDonald
Carl McDonald
businesses early focus
I think their focus for the early part of 2006 is going to be integrating the businesses they've acquired.
continue relative seen slow
I think we're going to continue to see consolidation. Will it slow relative to what we've seen in 2004 and 2005? Most likely.
expected given guidance heading market quarter raise ultimately viewed
My sense heading into the quarter was the market expected Humana to raise guidance today. I think they ultimately do raise guidance for 2006, but given that they didn't today, I think that will be viewed as a disappointment.
recent results sustain
We think Aetna's results will be more than enough to sustain the stock's recent strength.
deal neutral per proposed slightly surprise
The deal would surprise no one, and the proposed price, at $77 per share, would be neutral to slightly accretive to earnings, by our calculations.