Wall Street Manna

An irreverent look at Wall Street

Monday, December 10, 2007

WellCare lifts afterhours

Bruce Berkowitz picked up 6.7 million of WellCare shares for Fairholme funds, and WellCare picked up a couple more contracts. Last week, WCG announced retention agreements in case the company was put in play.

A value stock buyer, Berkowitz has averaged 19% a year since 1999. He has over $1.5 billion in Berkshire Hathaway, the best stock on the big board.

He's now on board with WellCare.



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