RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Master plan news coming I feel it HotDiggityDogg wrote: Monty I often enjoy your comments Here; but can you tell me how now WELL with 2x the number of shares can get back to previous stock price of 8-9$ when that is twice the task. What scenario do you see the stock going back to 8-9$? ( realistic ones ) and yes many shareholders are mostly concerned with SP.
the stock was trading at $8+ even after the MyHealth acquisition. so not sure what you mean about it being twice the task.
the stock dropped on no company specific news whatsoever. yes, the share price is important. trust me, i know that. i own a huge amount of shares. but the share price is irrational and detached from the true long term value so there's no way I would ever sell at these depressed levels. in fact, I've bought more.
the realistic scenario is to continue to hold the stock so the following can play out:
1. WELL continues to deliver on their guidance and Revenue/EBITDA estimates ($500MM Revenue/$100MM EBITDA). this has not yet been proven out with year-end audited financial statements yet.
2. WELL continues to deliver on their acquisition and investment program with their pillars CRH, MyHealth, and Circle/WISP (rapid expansion in these virtual businesses in particular)
3. wait for the US telehealth market sentiment to recover. note that many US comps trade at higher multiples than WELL, even if they are losing money hand over fist. example - AMWL trades at 5X Sales and WELL is <=2X right now. WELL also has twice the annual revenue of AMWL.
4. further to the above, wait until WELL lists on the NASDAQ. they filed a shelf prospectus for a reason and I believe it will be used to complete an acquisition in the USA, to be funded in part with a capital raise in USD$ on the NASDAQ. who knows if/when this will occur.
hope this helps!