Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of specialty health-care company Centene
So what: Centene and Molina Healthcare
Now what: The math is pretty easy here -- it looked as if Centene may have been out in Ohio and now it's back in. So that's obviously good news.
But could there be even more upside for the stock? On April 5, the day before the original Ohio decision, the stock was trading at more than $50. As of the time of this writing, the stock is under $36. The market overall has performed poorly during that period as well, which undoubtedly accounts for some of Centene's drop, but could the disappearance of the Ohio overhang be a tailwind in the weeks ahead?
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Fool contributor Matt Koppenheffer has no financial interest in any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter, @KoppTheFool, or on Facebook. The Fool’s disclosure policy prefers dividends over a sharp stick in the eye.