2024-03-28 10:31:43 ET
Summary
- Teladoc Health, Inc. has experienced a post-Covid hangover, with the shares losing more than 90% since peaking early in 2021.
- Despite the decline, the company is generating substantial free cash flow.
- Can Teladoc Health and its stock regain some traction in 2024? An analysis follows in the paragraphs below.
Few businesses and stocks benefited more from the Covid Pandemic than did Teladoc Health, Inc. (TDOC). Unfortunately, after peaking early in 2021, the shares have been largely in a freefall since, giving up over 90% of their peak value. However, the company is producing significant free cash flow. Can the shares start to turn around in 2024? An analysis follows below....
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Teladoc Health: Still Trying To Live Up To Its Pandemic Promise