I purchased a small position in this company about 2 years ago and am currently down 50%. That said, I am bullish on the North American sector long term. Any reason why I should not be adding to my position now?
We would be fine adding to a position in WELL at these levels as long as one stays within their position thresholds. We see no reason to go 'overweight' on the stock right now as we would like to see better growth and profitability. However, we do think the stock could see a strong bounce once the sector starts doing better. It is a leading health tech company in Canada and we think shares will reflect that when investor interest returns. (5iResearch)