$Teladoc Health Inc.(TDOC)$This stock is for those who can hold decades, if you can hold 5 years or more, this stock is for you. Cathie woods buy disruptive innovation stocks to hold for 5 years or more, you cannot expect an industry to be disrupted less than 5 years. Even Alibaba took 10 years to make a profit.
Look at the current P/S and P/B, 5 year low. Some may be concerned on the lack of profits, honestly , there are so many areas to invest in tele health , and globally, I think it will not be profitable for next 3-5 years, but Amazon was also like that.
There are many players now, but this type ofbusiness, the industry can only support a few players. Your clinic can offer tele health just like a shop can have its own website, but teledoc is online hospital with various specialists who collect and share the same health data, so one is likely going to stick with one large company, with specialists passing chronic patients to general doctors for monitoring and doctors referring patients who need specialist care to specialists. So expect mergers and acquisitions in future which means it will not be profitable , but it’s book value and sales will grow steadily.
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