Added to YB: 2024-11-01
Pitch date: 2024-10-30
MOH [neutral]
Molina Healthcare, Inc.
-8.98%
current return
Author Info
No bio for this author
Company Info
Molina Healthcare, Inc. provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces.
Market Cap
$16.9B
Pitch Price
$325.29
Price Target
N/A
Dividend
N/A
Sector
Health Care Providers and Services
Category
special_situation
Betting big on PSU's
MOH (PSU grants): CEO/CFO get large PSUs ($50.6M/$17.5M) tied to 2027 EPS. Unusual timing/size vs. historic grants. 4 scenarios: 1) Easy target 2) Rosier outlook 3) Debt-funded M&A/buybacks 4) Sale clause. Trades 13.5x 2024E vs peers 10-20x. Execs likely see stock as cheap, EPS target achievable. Caution: misaligned incentives.
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