No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Sunday, October 5, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Teladoc Health, Inc. (TDOC): A Bull Case Theory

by TheAdviserMagazine
3 months ago
in Business
Reading Time: 2 mins read
A A
Teladoc Health, Inc. (TDOC): A Bull Case Theory
Share on FacebookShare on TwitterShare on LInkedIn


We came across a bullish thesis on Teladoc Health, Inc. on High Growth Investing’s Substack by Stefan Waldhauser. In this article, we will summarize the bulls’ thesis on TDOC. Teladoc Health, Inc.’s share was trading at $6.90 as of June 20th.

A doctor in a lab coat looking at a medical education computer screen, symbolizing digital health services.

Teladoc Health (TDOC), once a pandemic-era highflyer, has suffered a staggering 97% decline in share price from its peak, now trading at just a $2 billion enterprise value despite generating $2.6 billion in revenue and turning free cash flow positive. The downfall was driven by mismanagement, over-aggressive acquisitions, and a bloated valuation, particularly the $18 billion Livongo merger that led to a record $13 billion goodwill write-off.

Yet the company remains a digital health leader with two substantial segments: Integrated Care, serving 92 million members via employers and health plans, and BetterHelp, a direct-to-consumer mental health platform generating over $1 billion in annual revenue from 400,000+ subscribers. Despite high gross margins of around 60%, Teladoc has failed to achieve profitability, weighed down by amortization and strategic missteps.

The recent ousting of long-time CEO Jason Gorevic and the appointment of Chuck Divita mark a potential turning point. Divita brings strong healthcare CFO experience and a more cost-conscious approach, a necessary contrast to his growth-obsessed predecessor. At under 1x EV/Sales and 6x free cash flow, Teladoc’s valuation reflects deep skepticism from the market, yet also offers significant upside if the turnaround succeeds.

While the new CEO’s strategy is still to be revealed, the foundation—a vast customer base, solid digital infrastructure, and high-margin business—offers fertile ground for recovery. For now, Teladoc tops the author’s watchlist as a classic fallen angel, representing potential for substantial gains if execution improves and market sentiment shifts back toward overlooked tech names beyond the current AI mania.

Previously, we covered a bullish thesis on Teladoc Health, Inc. by Market Musings in February 2025, which highlighted the contrasting performance of Teladoc’s two segments—Integrated Care’s steady growth versus BetterHelp’s sharp decline—and argued that the company’s struggles are largely concentrated in the latter. The company’s stock price has depreciated approximately 27% since our coverage. This is because BetterHelp’s performance continued to drag down overall results, reinforcing concerns about segment-specific issues. The thesis still stands as Integrated Care remains resilient, with improving profitability that may eventually outweigh BetterHelp’s impact. Stefan Waldhauser shares a similar view but emphasizes the broader turnaround potential under new leadership and the company’s undervalued fundamentals in the context of its fallen-angel status.



Source link

Tags: BullCaseHealthTDOCTeladocTheory
ShareTweetShare
Previous Post

Steep fall in rental ads since start of Iran operation

Next Post

State unemployment insurance: Payroll compliance best practices

Related Posts

edit post
I went to a day trading meetup and spoke to people with dreams of getting good enough to quit their 9-to-5

I went to a day trading meetup and spoke to people with dreams of getting good enough to quit their 9-to-5

by TheAdviserMagazine
October 5, 2025
0

The day trader persona on social media looks something like this: A man with a sporty vibe and the swagger...

edit post
Layoffs will start if shutdown talks ‘going nowhere’, says White House

Layoffs will start if shutdown talks ‘going nowhere’, says White House

by TheAdviserMagazine
October 5, 2025
0

WASHINGTON: The Trump administration will start mass layoffs of federal workers if President Donald Trump decides negotiations with congressional Democrats...

edit post
Kalshi now sees government shutdown lasting nearly 21 days, second-longest in U.S. history

Kalshi now sees government shutdown lasting nearly 21 days, second-longest in U.S. history

by TheAdviserMagazine
October 5, 2025
0

Oct. 05, 2025 10:01 AM ETS&P 500 Index (SP500), SH, SPY, VOO, IVV, SDS, RSP, SSO, UPRO, SPXUBy: Anuron Mitra,...

edit post
Denmark revives interest in Israeli air defense system

Denmark revives interest in Israeli air defense system

by TheAdviserMagazine
October 5, 2025
0

Drone incursions at Danish airports have again put IAI's Barak MX system on the Danish Ministry of Defense's radar. ...

edit post
The Phoenix buys insurance comparison website Wobi

The Phoenix buys insurance comparison website Wobi

by TheAdviserMagazine
October 5, 2025
0

The Phoenix Holdings (TASE: PHOE), the largest insurance company in Israel by market cap, is buying price comparison website...

edit post
These co-CEOs swear by splitting the job: ‘The demands on a modern CEO are close to unsustainable’

These co-CEOs swear by splitting the job: ‘The demands on a modern CEO are close to unsustainable’

by TheAdviserMagazine
October 5, 2025
0

Active listening. Shared responsibilities. Pre-planned forgiveness. If the tenets of AlixPartners’ co-CEO relationship sound a lot like those of a...

Next Post
edit post
State unemployment insurance: Payroll compliance best practices

State unemployment insurance: Payroll compliance best practices

edit post
Immutable Tops Again In 7-Day NFT Trading Sales Volume

Immutable Tops Again In 7-Day NFT Trading Sales Volume

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

‘Quiet luxury’ is coming for the housing market, The Corcoran Group CEO says. It’s not just the Hamptons, Aspen, and Miami anymore

September 9, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
The Phoenix buys insurance comparison website Wobi

The Phoenix buys insurance comparison website Wobi

0
edit post
Lamb Weston (LW) Q1 2026 Earnings: Key financials and quarterly highlights

Lamb Weston (LW) Q1 2026 Earnings: Key financials and quarterly highlights

0
edit post
I went to a day trading meetup and spoke to people with dreams of getting good enough to quit their 9-to-5

I went to a day trading meetup and spoke to people with dreams of getting good enough to quit their 9-to-5

0
edit post
The all-new Engagements is here. Get ready to win more business.

The all-new Engagements is here. Get ready to win more business.

0
edit post
Book Review: The Enduring Value of Roger Murray

Book Review: The Enduring Value of Roger Murray

0
edit post
The Financial Glow Up with Taylor Price

The Financial Glow Up with Taylor Price

0
edit post
I went to a day trading meetup and spoke to people with dreams of getting good enough to quit their 9-to-5

I went to a day trading meetup and spoke to people with dreams of getting good enough to quit their 9-to-5

October 5, 2025
edit post
OpenAI and Jony Ive may be struggling to figure out their AI device

OpenAI and Jony Ive may be struggling to figure out their AI device

October 5, 2025
edit post
Layoffs will start if shutdown talks ‘going nowhere’, says White House

Layoffs will start if shutdown talks ‘going nowhere’, says White House

October 5, 2025
edit post
FTX Issues Warning As Fraudulent Emails Circulate During .6B Creditor Payout

FTX Issues Warning As Fraudulent Emails Circulate During $1.6B Creditor Payout

October 5, 2025
edit post
Kalshi now sees government shutdown lasting nearly 21 days, second-longest in U.S. history

Kalshi now sees government shutdown lasting nearly 21 days, second-longest in U.S. history

October 5, 2025
edit post
Top Wall Street analysts recommend these 3 dividend stocks for stable returns

Top Wall Street analysts recommend these 3 dividend stocks for stable returns

October 5, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • I went to a day trading meetup and spoke to people with dreams of getting good enough to quit their 9-to-5
  • OpenAI and Jony Ive may be struggling to figure out their AI device
  • Layoffs will start if shutdown talks ‘going nowhere’, says White House
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.