LVGO - Could This Healthcare Stock Be Berkshire Hathaway's Next Pick?
Would Teladoc (NYSE: TDOC) make a good fit for Berkshire (NYSE: BRK.A) (NYSE: BRK.B) ? In this clip from "The Rank" on Motley Fool Live , recorded on April 25 , Motley Fool contributor Zane Fracek makes the case for why he'd like to see Berkshire expand into healthcare and telemedicine given the growth opportunity ahead.
Zane Fracek: I'd like to see Berkshire make one of two moves. One would be expanding more into healthcare. I think there's a lot of opportunity there. The second one, moving more into alternative energy sources, like solar or wind. But for this one, I'm going to pick Teladoc, just because I think it is so down off of its high. It has such a strong recurring revenue stream and, I mean, we're seeing them make more high-growth purchases, like Snowflake (NYSE: SNOW) is the prime example. I don't think it's too out of the realm of possibilities. I just think there's such a huge growth runway ahead for telemedicine. They've been really smart, expanding into mental health. I liked the Livongo (NASDAQ: LVGO) acquisition. Not so much what they paid for it, but getting into the chronic disease monitoring is going to be great for them as well. So, I would like to see Teladoc.
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Could This Healthcare Stock Be Berkshire Hathaway's Next Pick?