YES WE CANWe are all watching as stockmarkets around the world tumble. However the drop in DOC`s stock price has made that drop seem like a small blip on the charts. DOC is now trading at a fraction of what it once was is looks destined to be trading for mere pennies in the coming weeks.
Is it the mood of the stockmarket or is there something really wrong with DOC that shareholders don`t know. They can blame past management, but if thats the case why is Essam still on the board!
It is in times like this that DOC needs premier leadership. This is not a time for Karen to stay quiet and hide. This is a time to lead, take charge and be strong. Take advantage of the situation. Don`t look at and blame the past but look at the future and say YES WE CAN. Currently DOC is the worst performing telehealth stock in Canada. Make it the best.
Does DOC still have contracts with schoolboards, governments, insurance companies and large mulltibillion dollar companies. Does DOC still have over $100 million in revenue annually. Is it recurring revenue. Is DOC still looking to be cashflow positive sometime next year. If the answer to these questions is still yes LET THE INVESTMENT WORLD KNOW. It is easy to take a job and look at all the problems they passed on to you and blame past management but true champions will embrace the tremendous opportunity that was handed to them and take advantage of it. Karen has a once in a lifetime chance to make something bad GREAT AGAIN!
DOC has so much potential but it needs to be an innovator not an imitator. After the sale of the non core assets DOC will have over $30 million cash. Do something with it. I`m not looking to tell anyone how to run the company buy why not do a Dutch action of shares or how about a share buyback to prevent stock price drops like we had on Friday with relativly small volume.How about looking to merge with another company. It seems like a perfect fit to merge with is a company such as Dialoge Health (CARE). It would be a win win situation and we would have one of the stongest companies in the mental health business with the backing of SunLife Insurance. In times like this we need leadership that says YES WE CAN and I think that Karen has it in her to be one of the best CEO`s a company can get. She is honest, hard woking and dedicated to her job. Like I said earlier, this is a once in a lifetime opportunity for her and we can make it a once in a lifetime opportunity for investors if she can do it right!
As for shareholders, this has been a very stressful time. If you are still buying shares or still holding on we are getting punished. But in my lifetime some of my biggest winners started out as massive lossers. Warren Buffet once said that the stockmarket is a venue were money gets transfered from the inpatient to the patient. If management can stay positive and turn this around DOC could end up being a once in a lifetime opportunity. On a risk reward senario at this point the downside is only 26 cents but the upside is unlimited. I like those odds.