How could it suddenly dawn on holders of Cigna (CI), Aetna (AET), United Health (UNH) and Wellpoint (WLP) that they are PENOs instead of HMOs! That means Public Enemy No. 1, by the Anti-HMO-in-Chief Barack Obama. I have been telling people to sell these stocks endlessly because the president wants their business to be nonprofit, which is difficult if you are a public company.

Profit From Market's Madness: Christopher Blum, portfolio manager for the four star JP Morgan Intrepid Value Select Fund, says investors can profit from the madness of crowds, and right now that means buying beaten down financials like Goldman Sachs, Morgan Stanley and Aetna.
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From a recent Mad Money show:"I'm outraged at Aetna's management. They've been buying back stock and buying back stock and what do they have to show for it? Nothing! They should've done a dividend instead."

He's destroying the margins of Aetna (AET) and Cigna (CI). These companies, particularly Humana, have this tremendous Medicare senior plans where they were just raking it in and were subsidized by the government.

It's health care that is most unexpected: anti-Obama health care, like Cigna (CI) and UnitedHealth (UNH) and Aetna (AET). These health care cost containers were supposed to be crushed by Obama because of their unfeeling, unthinking ways. The perspective Obama came in with would make you believe that the key issue for these companies is to ruin their margins. It also doesn't hurt that Tom Daschle got dinged, because he has a real socialist approach to medicine. With him out of the picture, the group has room to run.

Health Care: Who'll Pay for It?: As the Obama administration takes shape, so do worries about how the government will pay for any health care reforms.
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From a recent Mad Money show:"No, no, no. I don't like managed care business. I'm not going to buy anything in that industry."

Q: Which ones in particular?

Cooperman: We own WellPoint [WLP], UnitedHealth Group [UNH] and Aetna [AET]. These stocks have gotten decimated much more so than their businesses have.

Aetna Inc. said recently its board has approved the repurchase of up to $750 million of the health insurer's common stock.

As of March 31, the company had about 485 million shares outstanding. Aetna said it will continue buying shares from time to time in the open market.

The company previously authorized the repurchase of up to $750 million of common stock in February.

The stock trades for 6x cash flow.

Aetna Inc. said recently its board has approved the repurchase of up to $750 million of the health insurer's common stock.

As of March 31, the company had about 485 million shares outstanding. Aetna said it will continue buying shares from time to time in the open market.

The company previously authorized the repurchase of up to $750 million of common stock in February.

The stock trades for 6x cash flow.

INCONSISTENT EARNINGS

growth at the expense of margins