2024-05-20 08:40:51 ET
Summary
- Chemed Corp. is rated as a hold due to high stock price assumptions for future revenue growth.
- CHE has two business lines: VITAS, which offers hospice care, and Roto-Rooter, which provides plumbing and drain cleaning services.
- VITAS has competitive advantages as one of the largest providers of hospice services, while Roto-Rooter faces more competition and weaker growth prospects.
- I rate CHE stock as a hold.
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Chemed: Growth Does Not Justify The Current Stock Price