Quote:
Originally Posted by Boomer
“Staying solvent,” you say. Of course, but, actually, staying highly profitable is what drives the game plan in any publicly traded stock.
Yesterday, June 8, United Healthcare stock (UNH) closed at $250.68, near its 52-week high of $251.50. The stock’s 52-week low was $176.42. (What does the percentage math on that say.)
Also, United Healthcare has raised its stockholder dividend with a 20% increase and has announced a new 100 million shares buyback program. Gee. Where did allllll that cash come from.
Before I am accused of being some kind of commie pinko who does not like the stock market, let me say that I like it fine. I am in it — though not with healthcare stocks.
Publicly traded healthcare stocks have the interests of the stockholders and CEOs way ahead of patients and their doctors.
I can own toothpaste. I can own tech. I can own utilities.
But I do not want to own a piece of another person’s life, potentially their actual life.
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The goal of any corporation is to make money for the stock holders. You mention toothpaste, tech and utilities. Same exact thing-THE GOAL IS TO MAKE MONEY FOR THE STOCK HOLDERS. You declare you do not own united healthcare for,"ethical," reasons. .I refuse to buy any of the tobacco stocks. I think if bother were to check, if you have a pension, owns a fund, an ETF, you might well find that YOU
OWN stock in many companies that you would not buy due to your morals.
RE: Medicare changes.
We will ALL be screaming. Our current debt is stated as 20 TRILLION DOLLARS. Of that 20 TRILLION DOLLARS, a sum that WE/I simply can't comprehend, SOCIAL SECURITY hold just over 40% of that and their is no payback period or stated interest. That BILL will be paid as government pays all it's bills-INFLATION, combined with SERVICE CUT BACKS.
To pay this bill you simply can't cut the small stuff and pay it. You need to cut the SACRED EXPENSES-the BIG ONES.
MILITARY,EDUCATION AND WELFARE-INCLUDING SOCIAL SECURITY. No one wants to see it and that includes me.
IN THE END, THROUGHOUT HISTORY, EVERYONE WANTS BUT WANTS SOMEONE ELSE TO PAY FOR IT.