S&P Equity Research Downgrades WebMD (WBMD) to Sell
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S&P Equity Research downgrades WebMD (Nasdaq: WBMD) from Hold to Sell.
S&P analyst, S. Plesser, says, "While WBMD is down 13% today after an adverse '08 preannouncement, and more than 35% so far in '08, we see further downside. We are cutting our EPS estimates for '08 to $0.68 from $0.77 and '09 to $0.84 from $0.93, owing to the more challenging purchasing climate WBMD sees, growing competition, and notable uncertainty as to the pending HLTH Corp (Nasdaq: HLTH) merger. We also think WBMD has been hurt by a lack of new blockbuster drugs and marked regulatory scrutiny on pharma advertising. Based on revised peer and DCF analysis, we are cutting our target price to $23 from $29."
WebMD Health Corp. (WebMD) is a provider of health information services to consumers, physicians and other healthcare professionals, employers and health plans through its public and private online portals, and health-focused publications.[SM]
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WebMD Stock
I agree with the above comment and add that readers are getting skittish when news emerged of the WebMD -Yahoo deal that allows Yahoo to put ad-inducing cookies on WebMD readers, so when they leave the site, their medical interestes follow them into the ad community. Bottom line - if you don't want the person in your office to know you've been researching vasectomy, don't research it at WebMD - the Yahoo cookie will tell everyone who uses that machine after you, just where your health concerns lie. WebMD readers expect two things - fresh content and medical privacy - and now they are getting neither. If it doesn't change, WebMD is going to plummet further - losing readers and advertisers.
WebMD Stock tumbles
One reason behind WebMD stock tumble - and advertisers reluctance to sign long term contracts - can be found in this riddle. Q: Where do old magazine stories go to die. A: WebMD. WIth so much of their content now nothing but reprints from old women's magazines and other websites (like Oprah.com) advertisers can sense it's only a matter of time before readers leave - for sites that provide the kind of original, fresh medical stories that WebMD used to provide. In the last 6 months the content of WebMD has taken a significant turn for the worse - readers know it, and advertisers know it and now stockholders know it. Somebody ought to be telling WebMD....
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I've made some BIG changes!
Samantha Westin on Apr 24, 2008 08:43 PMSamantha Westin I have made BIG Changes lately! After doing some research I now realize how vital these type of sites truly are: After reading up on all this good stuff I found out that I really did not want a vasectomy after all, I wanted to have a sex change operation. Go figure!?! Hence I am now Samantha, but everyone can call me SammiXOXO. As you probably can also surmise I was a shorter. That is somebody who likes to sell short stocks in hopes that a stock will go down. I then go on line and try to spread lies and half truths as believable as possible. I have had some fun doing this, but now I would just rather help people like myself find their inner being. I read that in one of Josh’s old women’s magazines. Now maybe I can have a date with Josh. Here’s hoping……Josh email me you can be my yahoo private cookie OK SammiXOXO Wink wink.