Cerner Corporation's stock rose over 50% in the last few months. The health information technology firm is in the sweet spot of President Obama's health care reform plans. Not only that, Cerner has an ex-board member as White House Health Czar. Nancy-Ann DeParle held 27,000 shares of stock, according to Cerner's 2008 DEF14A. Her holdings weren't listed in the 2009 document.
Some of these are options with a specific exercise price. Over 13,000 shares, priced in the mid-teens, have a 2011 expiration date.
Cerner Corp's current price is $56.52
Nancy-Ann's 13,300 in stock options are for $15.46
If she flipped them, Ms. DeParle would make $41.06 per share, or a total of $546,000
Sweet! What happened to Cerner's stock, since Nancy-Ann was named Obama's Health Care Czar?
March 2 $35.00
May 22 $56.52
Percent Increase 61.5%
More sweetness! How did your 401(k) or IRA do the last few months? Health care reform will have winners and losers. How might private equity underwriters and for-profit health care companies fare?