Opinions
Gordon Reid
Teladoc Inc
TDOC-N
DON'T BUY
Jul 23, 2020
$221.940
Stock price when the opinion was issued
Healthcare
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He sold. Rough technically. A lot of money moved out of the pandemic names. Down 72%. Be careful, as he doesn't see the momentum changing right away. Need stronger earnings prints and better valuation for him. 5.5x price to sales, pretty expensive. Interest rates will be hard on those with strong revenue growth but no profit.
Healthcare
DON'T BUY
TDOC vs. QQQ vs. SOXX QQQ and SOXX, he has no idea where the market's going to be next month, next quarter, or this year. All he knows is that there's going to be a lot of volatility. So it's an environment of less investing, more trading. Have to be nimble, active. SOXX charts very well, it's the DOW modern day Transport Index, so you need to watch it. He was in TDOC a year ago, and backed away. Healthcare and biotech have had a difficult time.
Healthcare
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Teladoc Health empowers all people everywhere to live their healthiest lives by transforming the healthcare experience. As the world leader in whole-person virtual care, Teladoc Health uses proprietary health signals and personalized interactions to drive better health outcomes across the full continuum of care, at every stage in a person’s health journey. Social media mentions are up 19% in the past 24h.
Healthcare
Great concept. Opportunities to lower cost structure of US healthcare are welcome. US healthcare is more expensive than elsewhere in the world. But you're better to invest in a new concept that is under cover of an existing business, such as CVS. A pure play like TDOC is benefitting from Covid, and the stock price might wane when it's not such front page news.