Q: Are u are still positive on this company - it’s not participating in the rally and going the other way. At what point do you cut bait ?
5i Research Answer:
We think WELL still has potential from current levels. Valuation is decent and earnings growth is expected next year. Cash generation is rising. Small caps typically do well in January and with a rate pivot we are expecting better things from the sector. Though down from their high in May, we note WELL shares are still up 46% in the past year.