What to make of the market in these days of tumult. I appreciate that some of the subscribers have offered encouragement and positive words to this analyst. But this hasn’t been an easy period to invest in the high-growth IT space. In fact, it hasn’t been a particularly easy period in which to invest in…
Sometimes the consensus is right. And sometimes I have to acknowledge mistakes and move on. Yes, Teladoc shares seem very “cheap.” And cheap was what had seduced me as well. But the fact is, that there is simply no excuse for the guidance and commentary that TDOC management made. I simply can’t trust them. No,…
The market spent a totally schizoid week. It initially fell, with what are thought to be high-risk stocks taking the brunt of the selling. And then it turned. I was asked recently by a subscriber to compare this overall risk-off period to the crashes in 2001 and 2008. I was around for both of them.…
GAN: Continuing its journey as the pick and shovel vendor of the on-line gaming space; Teladoc (TDOC)-a completely misunderstood and underappreciated company. This is likely the last post to be sent before the Christmas holiday. For those of you who celebrate the holiday, the best wishes from our little group of Ticketeers. And for all…
Summary Teladoc reported the results for its Q2 after the market closed on 7/27. The results were a modest beat in terms of revenue and revenue guidance was increased modestly. Despite the headlines, operating results for the company expressed in terms of adjusted EBITDA were about 10% greater than prior guidance. The company announced it…
Earnings season got underway in earnest last week. It was not a great week for the software names. The IGV fell a couple of percent and the CLOU index was unchanged. The CLOU index benefited significantly from the announcement that one of its heavily weighted constituents, Proofpoint, is being acquired by the PE firm, Thomas…
I have written that most companies in the enterprise IT space are seeing exceptionally strong demand as business users and consumers embrace digital transformation technology. We try to ensure that our portfolio is focused on the names in the space that support the digital transformation paradigm. That has worked out for the most part, most…
The last few trading sessions have seen a rather significant reversal of investor preferences. Risk-off is ruling investment sentiment and has pulled down many high-growth IT names by as much as 20% in a few days. Losses, as is typical in a panic, have been fairly indiscriminate although the names with the highest EV/S valuation…
Summary Teladoc has announced plans to acquire Livongo creating the largest business in the teleheath space. Merger terms seem fair to me-although there has been some disgruntlement on the part of investors in both companies. On a pro-forma basis, the new company will start life with about 138 million outstanding shares and with a small…
I have gotten many requests for comments about the announced acquisition of Livongo (LVGO) by Teladoc (TDOC). I usually like to do a bit more of a deep dive, but I have been asked if I would comment sooner rather than later and provide advice to subscribers. I am always responsive to those kinds of…