It’s time for a turnaround!We've all watched our P/S ratio drop down to a ridiculous level. This has been IMO due to many reasons. Small cap,no profit tech,Cdn stock,tax loss selling,dilution,no organic growth (until recently I hope) and most of all a in the future business that only high risk takers are interested in getting in on ground floor. That's about to change. Investors are just starting to see that the future is really close and the virus will be with us forever,like the flu and cold.
Now WELL needs to concentrate on bringing new SaS customers into the fold. EMR, cyber security, telahealth, online pharmacy, women's descret online health services, are all multi billion dollar sectors and it's up to Hameds team to sell it WORLDWIDE. So get busy team before other companies scoop up our potential customers. Asia including India is where WELL needs spread its wings. The USA is important to but competition is fierce there. Asia has billion more people with no easy access to proper in person health care.
With high interest rates on the horizon,beaten down value stocks like WELL will be the next rotations too buy stocks. P/E s and P/S valuation matters again and even FAANG + M will come back to historic valuations.