RE:And Moreretiredcf wrote: At the end of Q3, WELL had $38M cash. It now trades at just under 2X expected 2022 sales. It is expected to lose a bit of money in 2022. With acquisition-driven companies, it can be difficult to pinpoint value. Growth may slow if the acquisition pace slows. A deal may not turn out to be a good investment. Operating cash flow, so far, has been negative. We think it looks good at $4, but we said the same thing at $6. Market cap has slipped below $1B, and some investors are throwing in the towel. We continue to see it as having potential, though. We would expect more acquisitions this year as well. We highly doubt the Board would consider an offer anywhere near current levels.
They should have mentionned that WELL had $38.7M at closing of Q3 but did issue convertible debentures for $70M of value so they should be sitting on over $100M in cash.
Their comment about operating cashflow is also untrue. Despite negative working capital (mostly due to accounts receivables being $27M higher than accounts payable), they had $8M positive operating cashflow in Q3 and $13.8M over nine months.
I think these type of comments don't help since they paint WELL as a cash burn entity when it's not at this point.