Power of Compound Interest!
Did you know $500 contributed yearly compounded at 25% for 27 yrs = over $1 million !

Great Stock Investors.
  • 29% for 37 yrs. - George Soros
  • 21% for 40 yrs. - Warren Buffett
  • 29% for 18 yrs. - Eddie Lampert
  • 29% for 18 yrs. - Peter Lynch
  • 24% for 13 yrs. - Jim Cramer
  • 15% for 20 yrs. - Benjamin Graham
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Thursday, November 13, 2008

Wellcare (WCG) takes a nose dive and drops 50%

Wellcare Health (WCG) drops to $9.10. Shares plunged to all-time lows Thursday after the health insurer, already the target of multiple state and federal investigations, said it is in default on some debt covenants and is being hurt by higher Medicare costs.

That is not good news to value investors Mohnish Pabrai and Bruce Berkowitz who own sizable positions and bought them in the 20's and 40's.

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posted by RetireRichBlog at 7:51 PM

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