Research Feed
Molina Healthcare: 8x Trough P/E on Medicaid Self-Correction — If You Survive the Covenant
Fourth independent MCO confirmation of 2026 Medicaid trough. MOH at $131 (RSI 17, -54% 1Y) trades at 8x management's $5 trough EPS guide. The operating leverage is enormous: 100bps MCR improvement on $32B Medicaid base = ~$5/share. Embedded earnings from signed contracts exceed $11/share. But there'