Q: There is a yahoo article on WELL:
https://ca.finance.yahoo.com/news/well-health-technologies-tse-well-121138131.html?guccounter=1
Could you comment on it?
I have less then 1% position on Well (up 10% but only with lots of perseverance) but i am considering going to 2.5% given it is a small cap. I know you don't comment on size but given recent stock movement would it be your comfort zone to add at this price?
https://ca.finance.yahoo.com/news/well-health-technologies-tse-well-121138131.html?guccounter=1
Could you comment on it?
I have less then 1% position on Well (up 10% but only with lots of perseverance) but i am considering going to 2.5% given it is a small cap. I know you don't comment on size but given recent stock movement would it be your comfort zone to add at this price?
5i Research Answer:
The article in our view is designed simply to get readers to click/subscribe. There is always an opposing view on every stock, of course. For those worried about earnings on WELL, looking at cash flow may help. In 2023 operating cash flow was $62.6M. In the past 12 months it was $121M, nearly double. It is not risk-free, but the company is committed to its growth plans and EPS is expected to rise 33% next year on an adjusted basis. We like management and the stock is up 35% this year, yet remains reasonably valued.