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Teladoc Health: The Story Keeps Getting Better
March 16, 2020
- Teladoc Health is garnering a lot of attention lately, but in my opinion, the company has had a strong bull case for years.
- I believe that this once under-the-radar telemedicine company is worthy of investment dollars (even at today's price) because its story keeps getting better.
- I am long Teladoc, and I plan to stay long the stock.
Teladoc Health's ($TDOC) stock has performed extremely well over the past few years, and 2020 may turn out to be the best year yet. To this point, TDOC shares have outperformed the broader market by over 100 percentage points over the last 52 weeks.
But get this, I believe that Teladoc's stock still has room to run. Not only does this small disruptive company have promising near-term business prospects, but it also has a great long-term story to tell. And it helps that Teladoc's story (i.e., bull case) keeps getting better.