June 23, 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 stock… 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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