Q: Why has Well dropped so much recently and would you say it is a buy, sell or hold at this time? I have no CDN healthcare at all and I'm looking for options?
5i Research Answer:
WELL is up 84% YTD and not that far from its 52-week high. It ran up hard this year and the drop does look like profit-taking to us since there really was no negative news. We would consider it buyable today. For the Canadian sector we see it as quite attractive.