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Berkshire Hathaway recently added to United Health.
They are not adding to lose money.
Down from $606 to about $310 right now.
The thesis is simple.
Medical usage by seniors went up.
More claims = less margin.
EPS dropped. Stock followed.
But here is what most people miss.
They are dropping unprofitable markets.
Adding more profitable ones.
Raising prices.
EPS finds a bottom eventually.
Also countercyclical to tech.
If China invades Taiwan or something breaks in the world.
People still need healthcare.
UNH insulates you a little.
This is a long play. 2 to 2.5 years minimum.
You have to sit on your hands and let it work.
$280 sold put strike 2.5 years out.
Low $300s calls same expiry.
Be patient. Let EPS recover.