RE:RE:Long Term InvestmentWe should never listen to what "analysis" say if we are not getting their advise for a price.
These analaysit strategey is always
Upgrade, downgrade, wash, rins and repeat; My wealth management advisor (tsinetwork) never set a targer for their recommended stocks (I will expalin why later on another post)
Here is the latest update I got on Friday Dec 3:
In the quarter ended September 30, 2021, WELL’s revenue jumped 710.8%, to a record $99.3 million from $12.2 million a year earlier. The big jump was mostly due to the acquisitions of CRH Medical Corporation and MyHealth Partners Inc., as well as higher telehealth and virtual primary healthcare activity.
WELL delivered 582,958 total patient visits in the latest quarter, up 139% from a year ago. In-person patient visits accounted for 286,602 visits in the quarter, an increase of 148%, while telehealth patient visits accounted for 296,356 patient visits, an increase of 131%. In addition, there were 127,630 in-person diagnostic visits delivered by MyHealth.
The company lost $10.4 million, or $0.06 a share, in the latest quarter. That’s compared to a loss of $14.1 million, or $0.08 a share. However, without one-time gains, it lost money in the latest quarter. The losses were partly due to costs to expand operations and integrate acquisitions.
Growth by acquisition adds risk—but WELL Health aims to cut that risk by buying complementary businesses, like MyHealth, that can be easily integrated with its current operations. As well, the Canadian health-care sector is a government-backed, recession-resilient industry. What’s more, the rapid expansion of telehealth services spurred by COVID-19 is likely to continue beyond the pandemic’s eventual end.
WELL Health Technologies is a buy.
GLTA