RE:Three month chartSeelow7 wrote: Nothing but lower lows and lower highs. What can break this downtrend?
new M&A announcements, which are likely coming as they beef up the company pre-US listing. this was corroborated on the recent conference call.
WELL has some good financial firepower now with CRH Medical which they can harness to borrow by way of senior debt instead of relying entirely on equity issuances (which dilute existing shareholders).
CRH has an ongoing M&A program of their own and historically they have deployed $25MM-$30MM in new acquisitions every year. I expect this will also ramp up under WELL's stewardship as their roll-up market is HUGE and there is no competition focused on consolidating GI anesthesia like this.