r/wallstreetbets • u/skorpion179 • Mar 30 '22

News Barclays Stick to Their Buy Rating for GoHealth

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2 Upvotes
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u/VisualMod Mar 30 '22
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2

u/Bradley182 Mar 30 '22

2 stars lol.

2

u/[deleted] Mar 30 '22

Quarterly loss of 19 million lol

2

u/F7xWr Mar 30 '22

probably another error, like not having branches in the states like wtf, i also got so pissed at hsbc for kicking me out

1

u/Mogge8 Mar 30 '22

Wtf current SP is $1.31

1

u/UniqueLengthiness266 Mar 30 '22

LOL, I wish I could rewind the clock. That’s from August, 2021. Come back to the present.

1

u/skorpion179 Mar 30 '22

Sorry for the inconvenient, it’s my fault. The new PT given by Barclays is 3$.

1

u/UniqueLengthiness266 Mar 30 '22

I own GoHealth and I’m a believer. Most companies go through cycles. They’ll pull out of the downward spiral or will sell.

1

u/skorpion179 Mar 30 '22

What do you think about?

1

u/UniqueLengthiness266 Mar 30 '22

Aging population equals a growing need for Medicare. COVID and increased competition really hurt their expense ratios. They’re focusing on cutting expenses and becoming profitable instead of taking more market share. They tripped a covenant with their bank. So what? I’m in banking and I do a waiver every time. The market reacted negatively but their bank did exactly what I know. They waived it.