** Shares of health insurer Molina Healthcare MOH.N rise 4.2% to $173.5, briefly hitting their highest since October
** "Big Short" investor Michael Burry draws parallels to owning MOH stock to investor Warren Buffett’s bet of buying insurer GEICO in 1976
** "Buffett’s buy of GEICO in 1976 was the real steal, but arguably with more risk than buying Molina today," Burry says in a Substack post late on Monday
** Burry highlights MOH's underwriting and cost discipline, acquisitions strategy, and stock buybacks
** Say MOH as a public company "has a clearer path to significant double-digit long-term growth than Apple"
** MOH shares slid in October when the company cut its FY profit forecast, anticipating elevated medical care costs to weigh
** Including sessions' gains, MOH down more than 40% YTD
(Reporting by Shashwat Chauhan in Bengaluru)
((Shashwat.Chauhan@thomsonreuters.com))
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