4 Reasons You Shouldn't Give Up on Teladoc Stock
Teladoc Health (NYSE: TDOC) is coming off another earnings performance in which the business made incremental improvements, but not quite enough to make Wall Street happy. And so down the stock went, crashing to new lows. It's unfortunately a normal cycle that many Teladoc investors, including myself, have become accustomed to.
But here's why it's not worth throwing in the towel on the stock, and why it may be a good time to invest in the telehealth provider.
Last year, a big problem for the business was that Teladoc was routinely writing down goodwill. It turned out that Teladoc overpaid badly for Livongo Health when it bought the chronic-care company for $18.5 billion back in 2020. Nowadays, Teladoc investors would be thrilled if the entire company were worth that much.
Source Fool.com
