thoughts after a long daySeems to be a lot of red for a lot of stocks today; so its not just WELL.
Some good comments and questions on the board, and sorry for being a downer with my earlier post, esp on a day when we are all getting pounded by the market.
The development of WELL as a company and the rapid growth in its revenues, in my view, trump all reasons for wanting to sell. I do agree with Monty that at this stage we are not looking at a price earnings ratio as a measure of success. I am quite happy to have a negative earnings per share in exchange for the significant inroads with the U.S. market achieved this past year. The trajectory of this company as a business - not the graph of its depressed share price - suggests that at some point in the not too distant future we will have positive earnings per share. The revenues we are generating to date are going to continue and repeat and, as indicated by the CEO, there are no outside forces which will alter that. And there are all sorts of reasons to believe that revenues will grow well beyond the run rate anticipated for 2022. Sure the market can ignore us with a 1.4 billion market cap (didn't update that after today's action) and an anticipated $450 million run rate. Much harder to ingore us if we continue to grow at the same pace and predictions soon become $750.00 million or even 1 billion run rate. It is possible that when we are generating 1.4 billion in revenues per annum we would continue to have a market cap of 1.4 billion. But its very unlikely.
I understand the kind of investment style that relies heavily in share price action. At one time that too was my investment or, rather, trading style. In between managing my business I would execute seven or eight trades a day making or losing thousands of dollars on each trade. Good way to make a lot of money quickly and good way to lose a lot of money quickly. But most important, not a good way to live.
My years of experience have led me to believe that the best way to make serious money is to follow the wisdom of Buffet and others who focus on the business not the share price. That allows you to sleep at night, and to not get stressed by days like today. And ultimately the study of businesses and their triumphs and failures is a lot more fulfilling than studying the share price movements on a graph which never seem to go the way you expect. So if you are up for it I would invite you to leave the hyperactive craziness of trading and become an investor. You will find peace and have a good shot at making some serious money. Go ahead and fall in love with WELL in the same way that Warren Buffet loves Coca-Cola. Stick around for a few years or more. If you must leave, it was nice knowing you. GLTA