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By April 28, 2022Headlines

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  • Don says:

    I gotta ask why. Is this setting up something else? These moves seems foolish.

    • Kevin Roche says:

      Teladoc is required by accounting rules to writedown the value of an acquisition when it is clear it no longer is worth what was paid for it. This is a stunning admission that just about 18 months after the deal, it is worth a third less than was paid, and the reality is that this is only a partial reckoning. Livongo isn’t worth much of anything and neither is Teladoc. And of course the supposedly so smart stock analysts cheered the deal and pimped the company, when anyone with a brain could see what the issues were. I just wish I had the courage to short some of these stocks

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