RE:RE:CRH Medical Vote on April 16, 2021LowtoHigh wrote: Looking forward as well. Unforunately got in too high at $9 and it may be a while to we see those levels again. Hoping this vote pushes it closer to that point.
please keep in mind Li Ka Shing's recent funding was at $9.80 - i keep reminding myself that and i am trying to ignore what i view as short-term share price weakness.
there hasto be a reason for that buy-in price. there is some base case valuation that was used to arrive at that number. it was above market. since that time, telehealth multiples have contracted (due to TDOC) which can attribute to some of this weakness. but there is something that WELL/Li Ka Shing knows that the market doesn't know yet.
my view is that both CRH and WELL have acquisitions up their sleeve which will unfold once this transaction closes. that's not too far away.