This Fast-Growing Company Is the Latest to Launch a Weight-Loss Business
When it comes to the excitement that tech investors have for artificial intelligence stocks, the only thing that can match it is the excitement healthcare investors have about weight-loss stocks. Seemingly any healthcare company that gets involved with weight loss benefits from a surge in bullishness and enthusiasm. The more serious the effort, the more optimism there often is.
The latest company looking to capitalize on the weight-loss hype is Hims & Hers Health (NYSE: HIMS), which runs a telehealth business that sells prescription medication online. Already a growth machine, the company is launching a new business unit that could push its growth rate even higher.
On the company's second-quarter earnings call in August, management discussed plans for launching a new weight management category. It will be available by January, just in time for the company to benefit from people making New Year's resolutions, many of which are aimed at weight loss.
Source Fool.com
