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Teladoc: Buy the Dip?

TheMotleyFool

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E-health expert Teladoc (NYSE: TDOC) is hanging out in Wall Street's bargain bin right now -- relatively speaking. The stock is trading 27% below its 52-week and all-time highs, and the dip was triggered by Teladoc's decision to merge with sector peer Livongo (NASDAQ: LVGO).

I think that this price cut is a wide-open invitation to start or expand a position in Teladoc. In fact, I had been looking for exactly this kind of opportunity to get into this stock myself. Here's why.

Image source: Getty Images.

Source Fool.com

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