2024-07-01 16:47:28 ET
Summary
- Teladoc Health, Inc. faces an internal crisis with stock at all-time lows and a new CEO.
- The company has massive opportunities in weight loss management, but the focus appears more on telesales and digital advertising over product innovation.
- Teladoc Health stock trades at a cheap valuation with potential for multiple expansion, if the new CEO drives product innovation.
Teladoc Health, Inc. ( TDOC ) is facing an internal crisis as the stock trades at all-time lows and the company recently replaced the long-time CEO. The Covid era was supposed to usher in the reign of telehealth in healthcare solutions, but the company has failed miserably to ignite growth following Covid pull forwards. My investment thesis is Bullish due to the cheap valuation and opportunity ahead, but the stock is definitely trending lower with the market waiting to see if a turnaround occurs due to the potential of weight loss management....
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Teladoc Health: Weight Loss Management Could Help