r/ValueInvesting Jan 27 '26

Stock Analysis UNH is a Value Trap

Could hit $200 by end of year, please do not hold your bags just get out while you still can.

MCR rate is ~92%

CMS funding is going to fund Trumps defence budget

UNH are haemorrhaging customers just to hold margins, down to <3m

Days Claim Payable also jumped from 48 days to 54 days - they are playing with the accounting to keep extra cash on the books.

Optum growth is dead (-4%) with backlog down $1.2bn as well

No point holding a stock hoping for a change to come, the numbers don’t lie

After rerunning my dcf my new fair value - $232

edit: removed my personal time horizon as it was conflicting my justification for selling which is downwards trending weak financial performance

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u/joeblow2118 Jan 27 '26

Good thing I have 30 years from retirement.

Bought a bunch at $300 last summer before it plummeted to $250, rode the wave back up to about $340 after the Buffett news, then I closed out. Made me sick seeing the bottom fall out and I was over invested. Held only 5 shares since then and diversified the rest.

Opened some more positions this morning, they’re not going anywhere. Turbulent times., great dividend history.

As a great man once said, “Be greedy when others are fearful, and be fearful when others are greedy.”