A Healthy Prognosis For Aetna At Last?Robert Barker
How much pain have investors in Aetna, the nation's top health insurer, suffered? This much: The last time they saw their stock split, Jimmy Carter was President. And since 1996, when Aetna (APPAX) set out to turn itself into a big player in managed care, an investment of $10,000 in the stock is only worth $9,170. Throw in the dividends, and you're about even. In contrast, 10 grand in the Standard & Poor's 500-stock index would have grown to more than $22,000. Ouch.
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