Post by
ABP123 on Feb 02, 2024 5:54pm
Lower Rates Aren't Coming To The Rescue
It's time for WELL and many other Canadian Companies to realize that falling interest rates aren't coming to the rescue. They need to find a way to become more efficient and reach profitability soon. The market is clearly telling them this. Until they start focusing seriously on profitability, WELL is only going to be a "Buy The Dip & Sell The Pop" Stock.
If they don't demonstrate that they have put a profitability plan into place with specifics by the March earnings release, this will have a $2 handle on it later in the spring.
Next Up: The March Earnings Run.
Comment by
Aarman4 on Feb 02, 2024 11:03pm
Did you happen to read the last news release regarding belt tightening and profitability? Cheers
Comment by
ABP123 on Feb 03, 2024 5:34am
I did read it. It was simply a lot of talking. No Action. Clearly the market agreed it was just a bunch of talking. The market wants Action.