Could Teladoc Be a Millionaire-Maker Stock?
When investors think about an investment turning them into a millionaire, they are often dreaming of stocks that grow 10, 50, or even 100-times in value. Stocks like Amazon, Netflix, and Chipotle are great examples of how a modest sum can be transformed into riches over time. These companies all maintained incredible growth by offering customers what they wanted in a new, easier way. Teladoc (NYSE: TDOC) has that potential as it tries to increase access to and quality of care, as well as lower costs in the healthcare industry.
The global leader in telehealth has built its end-to-end care network by spending $20 billion acquiring a dozen complementary businesses since 2015. The services include 24/7 support, appointments with primary care physicians and specialists, as well as access to services for mental health and wellness.
Image source: Getty Images.
Source Fool.com