Dick Gephardt, “the son of a milk truck driver,” has done quite well in the corporate world since he left congress. One of the perks of serving on a corporate board is a nice salary for attending a few meetings a year and stock options. One of the boards Mr. Gephardt serves on is Obamcare insurer Centene. While most major insurers are fleeing the Obamacare exchanges like the plague, Centene is actually expanding into new markets. One would think this is a brilliant business strategy; enter a market other insurers are leaving thus leaving you basically a monopoly. But with Obamacare failing and with Republicans preparing to scrap it, the smart money seems to be on Mr. Gephardt’s stock play of dumping Centene stock.
Utah herald:
An insider of the company Centene Corp, Richard Gephardt also its director, disclosed his trading activities with the Security Exchange Commission on 14/06/2017. As announced in the document, Richard had unloaded 4,350 shares of the Missouri-based company. The total insider trading transaction was worth $336,603 US Dollars. Read more…
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