Wednesday, June 23, 2021
Just HODL Stock Pick - TDOC [Teledoc Health]
Summary: Teledoc Helath provides virtual healthcare services.
Reasons to HODL:
- With the current shift across many major tech companies to offer hybrid/flex/remote work, TDOC is becoming embedded as a benefit for a lot of these companies
- After COVID, people have become a lot more comfortable with the idea of virtual healthcare
- As hiring remote workers ramps over the next 5-10 years, TDOC is well positioned as a leader in the space for solid growth insha'Allah.
Current Price TDOC: $160.50 on 6/23/2021 market close
Bismillah, istikhaarah, HODL, and make duaa for me in 5 years :)
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In order to diversify within Telehealth, I am also holding AMWL in my portfolio, they are the other big player in the space after Teledoc.
Agreed that Teledoc is a long term hold, great call out! Teledoc offers the ability for individuals to access the top doctors around the US. This helps to prevent the limitations that occur with the current healthcare system, where you are limited to the doctors that are within a 25 mile radius to you. Many tech companies offer employees 2nd opinions on medical issues for their families via Teledoc. Also the trend of telehealth overall will increase, it helps to prevent crowded doctor offices, and the limitations of the current appointment system will be greatly reduced if ordinary colds and minor symptoms were treated remotely.