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  5. SLHG: your opinion and is it a buy at this price . [Skylight Health Group Inc.]
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Investment Q&A

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Q: your opinion and is it a buy at this price ..thx

Asked by Bob on June 29, 2021
5i Research Answer:

SLHG has been cut in half since February, as the sector waned a bit and the market shifted from growth-to-value. It has $20M cash and trades about 4X sales. It is still losing money but should be close to break even in 2022. It started trading on Nasdaq earlier in June and last week made a small acquisition of 4 clinics. Insiders own 11% and have been net buyers this year. We like the sector, and the stock looks better these days at lower prices. We would consider it 'buyable' for a long term investor, but it has been particularly weak the past three weeks so we would proceed slowly, and we would not enter unless one had a 3 to 5 year time frame.