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Article: Centene is growing bigger but maybe not better.
- Article from:
- St. Louis Post-Dispatch (St. Louis, MO)
- Article date:
- September 30, 2007
CopyrightCOPYRIGHT 2007 St. Louis Post-Dispatch. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Mary Jo Feldstein
Sep. 30--City leaders spent last week heralding Centene Corp. as a $2 billion health care services company with plans to bring 1,200 new jobs to Ballpark Village. The glowing characterizations came after Centene's announcement that it would move its headquarters to downtown from Clayton.
Still, there's a less-glamorous side to Centene's story: The company lost money last year. Its shares have fluctuated between $16 and $26.95 apiece in the last 52 weeks, with the price hovering in the low $20s for the last six months. On Friday, shares closed at $21.51, up a penny.
In addition, some on Wall Street have speculated that ...