Post by
retiredcf on Dec 17, 2023 9:34am
Patience Grasshopper
I bought WELL back in Nov 2021 in my TFSA to provide some "growth". I am down ~38% and still waiting for the "growth" to take place. Back in April of this year it looked like there was some promise to the stock but it has since headed to the basement again. You still promote WELL so I'm wondering if I should hang on to this loser (for me) or wait it out?
Small caps, relative to large caps, are very cheap on a valuation basis. They 'should' do better with lower rates, but of course that could have been said earlier as well. But..small caps rose an average 10% in November, showing the leverage they have when things actually go well. We still consider WELL one of the better small cap prospects. The 2020 drop was partially related to the covid-slump, as many such names ran up in covid and then retreated. But an examination of the fundamentals looks better: Revenue has tripled since 2020 and the company has gone from losses to (decent) profitability in that time. We would be comfortable giving it more time to perform. (5iResearch)
Comment by
sorrenson on Dec 19, 2023 9:43pm
What does a membership to 51 costs and is it worth it
Comment by
Mikerich on Dec 27, 2023 10:42am
Buyer beware short term with WELL. It hasn't participated in the Santa rally at all and any indication of a red market day has the shorts salivating. I'm certain this name will be fine long term but approach with caution on the short term as the market bears may be moving in soon.....GLTA
Comment by
Mikerich on Dec 29, 2023 10:45am
Market green and WELL doesn't move up. Market red, WELL follows. Buyer beware short term folks. GLTA