Holding onto 8500 Shares of TDOC worth $82k today. Another $5000+ in long options. I've been down as much as $30,000.000 on this position on the shares alone. Held through it, I'm not leaving!!!
Next earnings report is 7/29 - hoping to see revenue growth as their Betterhelp division moves to accepting insurance in all 50 states vs being cash pay only. Their conversion rates at Betterhelp were atrocious, at one point something like 5% of people who signed up actually paid and used the product. Insurance pay is the solution to the leaky bucket there and gets this company back to growth.
The other division, integrated care, has been growing all along. international sales have been growing double digits. IMO, integrated care justifies the current market cap by itself.
There is a lot happening with this company & the space.
Teladoc's -- Telecare acquisition. (Australia largest telehealth provider). This is one of a few cash acquisitions they have made in the last 2 years.
Amazon and Walmart partnerships.
This company does 2.5B in revenue and is 4-5x larger than its closest competitors.
Competitor Talkspace just sold at a P/S valuation that would value TDOC at $50.75/share. Market is on its way to re-rating TDOC.
29.4M shares short.
6.8 days to cover.
Trading near 52week high today.
🦍🚀🍔