Hi there - its seems like virtual care stocks are all the rage recently. We've answered several questions on WELL - bottom line is we like the company and the space they are in. The last dip proved to be a buying opportunity, but WELL is once again running hot.
The U.S. expansion is absolutely a good thing. WELL is backed by billionaire Li Ka-shing. He continuously participates in any share offering, and when you have pockets that deep backing your company, it provides ample access to liquidity to fund growth. It also comes with instant credibility.
WELL is at the very beginning of its expansion phase and investors can likely expect more share offerings to fund growth. Analysts are expecting the company to grow revenue at a 50% clip over the next few years. Although we may see a slight pullback due to technical and current valuations, IMO the company is well positioned to reward shareholders over the long term.
Mat
(Of note, I am long WELL)