RE:RE:RE:RE:RE:Master plan news coming I feel it BudFoxx2020 wrote: Monty. You really honestly think they can do a $1 billion dollar acquisition. Not even one year of results and you keep harping at the same old thing. Wait till the company starts being profitable. Which is not expected till 2023. Wait till they start growing organically. Wait till their eps turn positive. Wait till their debt ratio is not 48%. Geez. There is no point it trying talking to you. You just keep rehashing the same thing over and over and over.
Bud - what do you mean by debt ratio of 48%? WELL is generating a $100MM EBITDA run rate so their funded debt to cashflow is <5X which is perfectly healthy. they were in compliance with all senior debt covenants as of last quarter.
WELL acquired CRH for almost $400MM with $300MM of same raised with an equity offering and the remainder with an assumption of CRH's senior debt facility. they now have $100MM in cash, $400MM+ in shelf prospectus availability, and could also take an assumption of senior debt from a target company if the numbers make sense. they also have financial backing from Li Ka Shing. so yes - a $1bn acquisition is not out of the question. is that likely? probably not - Hamed said on the Q3 conference call that they were going to focus on the CRH and MyHealth platforms for now. but this company is extremely well capitalized - it's not burning cash like a startup and can rely heavily on senior debt financing which is non-dilutive to shareholders.
in any event, it's rich you think I'm rehashing the same things over and over. I'm simply providing a different point of view other than
"the markets are always right!" and
"the charts are your friend!". I was an investor in CRH Medical prior to WELL and know that side of the company inside out. I"m bringing that knowledge to this board along with the experience from my day job.
I can respect other people's opinions on this stock and investing in general, but you're not bringing anything to the table except some weak technical analysis. Give us something else like your bear case on the stock.