June 23rd, 2012

WebMD Tries for a Comeback

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The WebMD (NASDAQ: WBMD) stock price has fallen from more than $58 a share in early 2011 to barely over $25 today. Considering this factor by itself, the company looks like a sell. Two other factors suggest that the company deserves a second look. Carl Icahn recently purchased a sizable fraction of WebMD's stock, and he has the experience to turn a faltering company around. WebMD made another decision that showed confidence recently when it announced plans to buy back its stockā€¦ Other sites that offer medical information on the Internet include private hospitals, such as the Mayo Clinic.

 

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Tags: Carl Icahn, Industry News & Competitive Intelligence, Mayoclinic.com, WebMD

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