Everyone Is Wrong Once Again About Teledoc – Here’s How We’re Turning Those Mistakes Into Our Gains

On August 25, 2020, I said that there was a fire sale you as a savvy tech investor could take advantage of with Teledoc Health Inc. (TDOC).

Wall Street analysts were worried about Teledoc buying Livongo Health Inc. (LVGO) and the $18.5 billion price tag. But I know this was a big move that would add to TDOC’s lead in the shift to telemedicine.

Livongo makes devices that allow healthcare providers to remotely monitor health metrics such as blood pressure, blood sugar, weight, even behavioral health. Together they allow physicians and nurses to speak to patients remotely while having the most up-to-date information on their health.

I made it clear back then that I expected Teledoc Health Inc. (TDOC) to bounce back and beat the market.

From the day shares hit a bottom on November 10 to its recent high on February 19, TDOC zoomed some 69.6%.

Over that period, it crushed the S&P 500 by a stunning 640%.

Stethoscope, Hospital, Doctor, Health, Medicine

Image Source: Pixabay

Now, history is repeating itself, and this massive profit opportunity is coming back around. The stock is grossly oversold once again, and I see a similar setup in the making as the firm disrupts the $1.3 trillion medical market.

Here’s the thing.

According to a survey from The Harris Poll, 65% of consumers surveyed plan to use telehealth services more often after the pandemic, putting paid to Wall Street’s ridiculous notion that we’re just itching to go back to the doctor’s office.

This is still a move well worth making.

Let me show you what’s really going on and how you can clean up from Wall Street’s mistake…

The Modern Appointment

Here’s some more proof that Wall Street’s idea that we’re all going to go back to our old ways of dealing with doctors once the majority of Americans are vaccinated is total bunk.

Neither my wife nor I have been to the doctor for any routine medical appointments. We do it all by phone and video.

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William K. 3 weeks ago Member's comment

Interesting, educational, and even exciting. The times are changing AGAIN!!

The lat was back in 1970.