Sell Teladoc Health (TDOC)
Today I’m recommending that we sell the remaining three-quarters of our position in Teladoc Health (TDOC).
After taking a one-quarter profit in the stock in February following the rally, the stock has drastically underperformed since then. The weakness hasn’t been without reason, as the company has struggled to successfully implement its strategic plan and leverage its platform to offer more personalized care. Instead, what we’re seeing is lower utilization rates and continued losses, with the new management having difficulty executing the turnaround and with prospects looking increasingly bleak. Additionally, there’s a big question mark surrounding next week’s (April 30) Q1 earnings report, and I’m not willing to endure additional losses. SELL
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