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Merger News Crashes Telehealth Stocks — Overreaction? Opportunity?
Published 5 years, 5 months ago
Description
Last week Teledoc and Livongo, two of the largest telehealth stocks, announced they are merging. The accelerated adoption of telemedicine has pushed their combined market cap from $8 billion to $38 billion in recent months. However, both stocks dropped roughly 20% in the 3 days since the merger announcement.
Was that an overreaction? Is this a buying opportunity? Or does the market know best and anticipate a downside to the merger?
Today on Dumb Money Live we talk to our close friend, investing partner, and favorite medical doctor, Chase Feiger, to better understand the merger and why the market reacted the way it did about these two monster medical-tech companies becoming one.