Topic: How To Invest

Power Growth Investor Hotline – Friday, May 15, 2020

Article Excerpt

WELL HEALTH TECHNOLOGIES CORP., $2.96, is a buy. The company (symbol WELL on Toronto), owns and operates 21 medical clinics, is a majority owner of SleepWorks Medical and provides digital Electronic Medical Records (EMR) software and services to 1,500 medical clinics across Canada. WELL shares have soared over the last couple of months and are now up 124.2% for our subscribers since we first recommended them in the November 2019 issue of Power Growth Investor at $1.32 each. The company is now taking advantage of that stock-price jump to sell 6.5 million shares to raise $14.4 million. WELL aims to use the funds to acquire more clinics. That growth-by-acquisition strategy adds risk for its investors. However, the Canadian health-care sector is a $254 billion, government-backed, recession-resilient industry. An aging population and an increase in community-care facilities needing EMR services should continue to spur its revenue—and further stock price increases for investors. WELL Health recent coverage: Hotline for April 3, 2020 Hotline for January 3,…