Topic: How To Invest

Q: Hello Pat: Can I have your updated opinion of LifeWorks? The stock is down so far this year. Thanks

Article Excerpt

A: LifeWorks Inc., $17.44, symbol LWRK on Toronto (Shares outstanding: 69.3 million; Market cap: $1.2 billion; www.lifeworks.com), provides technology-enabled solutions to support its clients. This includes offering services in employee and family assistance, health and wellness, recognition, pension and benefits administration, retirement consulting, and actuarial and investment services The company has 6,000 employees in offices across North America. It offers services to over 24,000 organizations in Canada, the U.S. and 160 other countries worldwide. In May 2021, the company, formerly known as Morneau Shepell Inc., rebranded as LifeWorks. This was aimed at more accurately reflecting its overall focus on helping more than 26 million employees of its clients lead more healthy and productive lives at work and home. The company conducted extensive market research with clients before choosing the name. LifeWorks also happens to be the name of its July 2018 acquisition of the LifeWorks Corporation for $426 million. It acquired LifeWorks for its cutting-edge technology and its U.S. and global customer base. Since buying…