WELL Health Technologies Corp T.WELL

lots of garbage

[speedy99]

recently on this board.  I welcome opposing views and insights on WELL as a company or trading patterns as a stock.  No one can be so foolish as to take these matters personally, so I expect that there is indeed a concerted effort to drive the share price down on behalf of persons and institutions who have taken short positions.  

Nothing wrong with changing your position on an investment.  However, to go 180 degrees from over the top support to over the top criticism in one day is highly suspect.  The criticism of the WELL business model is not spelled out.  It is a conglomerate and Hamed is an asset allocator.  This has been known for a long time.  I don't see what the sudden revelation could be.  It is likely a minor hissy fit because share price went down a few cents.  I would hate to live inside of the minds of some of these people on this board.  

I will continue to sift through the garbage on this board to take up the very helpful posts and articles that some posters consistly share, whether they be positive or negative or neutral to my investment thesis.

[HotDiggityDogg]

Speedy I enjoy reading your comments. But please stop with the conspiracy stuff regarding the shorts. The only reason the shorts are in control is because there are NO BUYERS. We have heard this so many times about the shorts. The % of shorts is so small but % of ( short) trades are huge. That means no buyers. No one is trying to " drive down " the price. Price is tanking on its own

[speedy99]

I agree with your comments and I am not suggesting a consipiracy.  I think you misunderstand my comments.  I simply do not understand why people are posting stupid meaningless comments with no insight whatsoever.  I am just asking myself that.  The only conclusion that makes sense, as to why  some posters would post stupidity and insults, that comes to mind is that these

[HotDiggityDogg]

Ok my bad. I agree with everything you said. 

[bandit69]

aside from the Reddit craze, the days of being able to manipulate a stock price in specific directions based on board posts are long gone.  In the beginning of the net, these boards were tapped for that exact purpose and it worked.  Bre-x was a prime example and benefactor from it.  

[speedy99]

And further, I want to be clear that I absolutely accept that my own comments are not moving the market in any way whatsoever.  I am not delusional.  Maybe there is someone somewhere who picked up a few shares because of something I said.  But those who call me a Pumper misunderstand my reasons for posting.  I am simply setting out my own thoughts in order to open them up for

[wideopenthrottl]

This post has been removed in accordance with Community Policy

[HotDiggityDogg]

If they " have " proven anything the market will react and stock will go up. So far the market doesn't seem to think so. Shorts are a very small portion of shares and have minimal impact on the price should there be any buyers out there. In the past WELL stock spikes due to big acquisitions. Those days are over. WELL doesn't have the currency to buy Lifelabs and small tuck-ins

[bandit69]

yes, exactly.  Goes back to my question I made in a different post a few weeks ago, what's their moat or competitive advantage? And now that Amazon is making a move, well, good luck in the US anyway. Again, I am not saying they'll go broke but it is not the fantasy many are drooling about.

[Capharnaum]

I would say that having exclusive agreements and contracts with clinics would be a moat? I think moats are a bit misunderstood. Take Coca-Cola or McDonalds, great businesses, yet what's their moat? What's Walmart's moat? It used to be their know-how/model and now it's their brand as well.

[bandit69]

If they didn't have a moat then, why are they some of the largest companies in the world?  They have great businesses, actually make profits and do not need to, nor do they, promote EBITDA because of this.  I've read their financials many times over the years, have you? Their moats are obviously priceless brands.  

[Capharnaum]

They didn't start as priceless brands. Each of Coca-Cola, McDonalds and Walmart were fairly simple to copy when they started, but each had know-how advantage over the competitors. Walmart perfected their supply chain which made them profitable even though their margins were lower than "General Stores". That was their moat from the start, when they weren't a priceless brand. You

[bandit69]

I wasn't lecturing you so forgive me if it sounded as such.  I asked if you have read the financials of the mentioned companies?  They don't need a distraction called EBITDA because they have real profits, retained earnings, significant cash flow.  See how all three statements apply not just a cash flow statement or selected highlights?  You're an accountant, you

[Capharnaum]

I'll have to disagree with you here. Clinics don't pop-up overnight in Canada they're all fully booked. In the US, it's not the same, although in general clinics viability depend on the doctors mostly (even in the US). As to dentists popping up everywhere, from my experience it's because the demand is there. Last time I booked my appointment, I had to wait 2 months cause they

[bandit69]

We definitely agree re: clinic viability and doctors. I have not experienced the delay for a dentist appointment that you have so I can't really comment.  I just know we've also followed my own dentist after she left the clinic she was working for, to one where she is the o/o.

[monty613]

you're incorrect in saying that there are lower barriers to entry than a dental practice. MyHealth operates diagnostic imaging and cardiology clinics. these are licensed by Provinces which creates monopolies. medical clinics like this also have far more stable and recurring revenues when compared to dental offices. re: growth - MyHealth has completed over 20 acquisitions and has grown

[bandit69]

Ok, fair enough.  When it comes to diagnostics, I could see equipment and certifications/licensing as obstacles but not ones that are not overcome if someone has the capital.  I was thinking more along the lines of your comment "WELL is now the largest owner of outpatient medical clinics in Canada - not sure if you're aware of that" hence my clinic comments.

[speedy99]

Monty, re: MyHealth growth rate.  At the time of purchase by Well in July, 2021 it was stated that MyHealth had an annual growth rate of 40 per cent per year over the preceding 5 years.

[monty613]

thanks speedy99 - I knew it was extremely high. they clearly have a good M&A playbook.

[HotDiggityDogg]

I couldn't disagree more. By more I mean 1,000,000 x more. Lol 

[monty613]

80% of their revenues are from CRH and MyHealth. the telehealth biz will almost certainly be divested at some point, recall they only own roughly half of the Circle and WISP businesses. CRH - they have deep relationships with GI practices given their history of producing and selling the O'Regan device. they are the only consolidator of GI anesthesia in the US that I am aware of and the JV

[speedy99]

Good insights.  But I disagree with the suggestion that virtual services will or should be divested at some point.  It is the fastest growing part of their business on a percentage basis.  Hamed is diverting profits to from the clinics into supporting virtual services.  Why would they divest the fastest growing part of their business, esp when predictions are through the roof

[bandit69]

You said the right words.  It is a 'highly fragmented' space.  It will remain that way.  People are not going to a 'WELL Health Cinic' because of the WELL brand, the are going to that clinic because it is handy to them geographically and or because of their preferred doctor.  I have followed my own doctor to different clinics and am not loyal to a brand. 

[bandit69]

Sensible post.  Refreshing to read.

[Capharnaum]

I think you underestimate the number of unstable and/or stupid people on these boards.

[speedy99]

Yes probably, lol