Q: Why is Well Health under so much bearish pressure?
5i Research Answer:
WELL is a small cap company and the health sector is inherently volatile. Shareholders do not really know whether to categorize it as tech or health. But it is up 7% in a year and up slightly in 2024. The recent update was positive and we think it still has potential. But patience may be required here. There are not a lot of quality choices in the Canadian health sector. It was rated New Buy this week at Cormark.