RE:RE:good dealIf you think I am making this up, once again just read the financials. I typed this up after reading through their Q, just forgot to post it. Lo and behold....
Their goodwill and intangibles has ballooned to 1.07 billion. Cash is sitting at 41.05 million. They will have to dilute very soon to keep this going. Without no new aquisition, they can not continue to report these rosy adjusted revenue. Without these rosy revenue numbers they can not sustain these share price. So what is the next move. DILUTION, they want to do more aquisition this year so they can keep posting record adjusted revenue. The problem is with interest rate sky high, dilution will be very costly. Also, out of all those 15+ aquisition bought at the hype of the pandemic, only a few are doing well. Meaning the rest has to be taken as impairment eventually. It will happen, it is just a matter of time.
BudFoxx2020 wrote: I hope common sense kicks in and people finally figure this model out. Their revenue is not growing, without aquisition, so they have to buy these little bankrupt companies then claim all their revenue in their next financials. Then claim adjusted record revenues. It is not rocket science. They took over 15+ companies at the height of the pandemic and paid top prices so they can make thier revenue look good to investors. Out of all those aquisition only a few are doing well. The rest will have to be taken as impairment charges. It will happen sooner or later. This model does not work in a high interest rate environment. Please do your DD. This is the model that MJ companies pumped hard and look at the sector now. Okay clowns will say a different sector, fine then take a look at Tdoc. Cheers.