IN THIS ISSUE
I chose this company this week because it is a top holding of ARKG and after diving into what they do, I think I am going to switch over to this health care system. 100% more efficient and cost effective than regular physical care. They even have primary care services, therefore, you do not have to go out of your way to get to a physician. Can’t wait to explore more about them down below!
Teladoc: TDOC $134
TI chose this company this week because it is a top holding of ARKG and after diving into what they do, I think I am going to switch over to this health care system. 100% more efficient and cost effective than regular physical care. They even have primary care services, therefore, you do not have to go out of your way to get to a physician. Can’t wait to explore more about them down below!
This company allows you to access a doctor anytime and anywhere. This is especially great when you have a busy life and find that you have an ear infection. They are trained to work over a web call and can get you the right medications that you need after asking you questions and narrowing down possible problems using differential diagnosis.
This puts you at zero risk for getting an infection from another sick person because you are not going into a clinic and can do it from the comfort of home.
This company allows you to have a primary360 which can teladoc your primary physician instead of having to drive out and make an appointment 2 months ahead, you can just schedule a time that works for you and they will be much more flexible.
It can cost you $0 with insurance for a general medical appointment
Directly from their website “Don’t wait weeks for an appointment. Our doctors, therapists, and specialists can help you with the flu, infections, anxiety, stress, skin conditions, and provide advice on serious medical conditions. No matter what you're facing, we’re available from wherever you are by phone, video, or app.” They can treat a sick person and you can get intouch with different doctors instead of searching for them when you are already in a not healthy state.
Due to the online nature, the overhead brick and mortar costs such as paying for a building, clerk and other aspects are not there. This means that this will directly go to your savings. Doctors are very expensive and this helps reduce the cost to you or a sick person using them.
The stock price was at a high of $308 in mid-February 2021, we think the will consolidate upwards to $180 after December. We think they are at a bargain, as this is really the beginning for them as digital health is becoming more prominent and the way we think about doing business and services is changing as well.
Current Price: $134
Price Target in 1 year: $260 - This company will be on it’s second leg up as it is started to be seen as the lower cost alternative with many more added benefits than regular brick and mortar medical assistance. Of course they cannot do surgeries or modifications, however they can help with referring you the assistance you need instead of scheduling an appointment to wait an hour in line for the doctor’s nurse to call your name.
Final thought on TDOC: Teladoc is at a very low price considering its price history, and has the backing of Cathie Woods which gives them even more credibility. It has been interesting to watch this Cathie Woods adding to this stock during its massive drop from all time highs
Disclosure: We do own ARKG securities/shares at the time of publication, which holds TDOC as their top holding.
All stocks talked about we have invested in, and do not intend to give advice nor recommend acting upon the information.
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Until next week,
and the Optifinancial Team
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