2024-04-27 04:13:10 ET
Summary
- Teladoc's share price has fallen to new multi-year lows, losing almost 40% in value year to date, as financial numbers keep disappointing.
- Management predicts weak sales growth and a loss of $0.95 per share for 2024, still being years away from break-even.
- Teladoc's lack of growth and profitability raises concerns about its valuation and cost control measures.
- Management needs to improve business execution and show the promised effects of scale.
The strong rally on the stock markets since 2023 has also led to a solid stabilization of share prices for many former high-flyers. Normalized expectations met with an increasing risk appetite among investors. This was not the case with Teladoc ( TDOC ): the share was unable to benefit from this in any way. After a few attempts to stabilize in spring 2023, the share fell back to new multi-year lows in the third quarter and the share has also lost almost 40% in value year to date in the new year. ...
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Teladoc: Huge Execution Problem