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Posted On: 05/24/2021 9:39:58 PM
Post# of 85913
UpNowVictoryComes posted this link on January 6th 2021. Reminder of two great paragraphs from this article.
GoodRX has to be looking over its shoulder
GoodRx has a basic free service that gives members coupons to find lower-cost prescription drugs, then makes money via commissions from pharmacies, advertisements on its web site, and through a higher-end subscription service, GoodRx Gold. The company just had its initial public offering (IPO) in September.
Its IPO share price was $33, but when the market opened, its shares opened at $46, and when the market closed that day, they were trading at $50.50. By last week, they were down to $42.50, but on Monday, they were back up to $45. Even at that price, the company's shares are expensive, with a price-to-earnings ratio (P/E) of 546.47.
UNVC Amazon connection
“Second, Amazon is coming after it with its own online prescription service. While GoodRx had, at last count, more than 4.4 million subscribers, there are 126 million Amazon Prime members who could use Amazon Pharmacy, which was just launched in November and offers free two-day delivery of prescriptions to members, a pharmacist-staffed help line, and discount cards for the uninsured.”
https://www.fool.com/investing/2020/12/17/3-h...fore-2021/
GoodRX has to be looking over its shoulder
GoodRx has a basic free service that gives members coupons to find lower-cost prescription drugs, then makes money via commissions from pharmacies, advertisements on its web site, and through a higher-end subscription service, GoodRx Gold. The company just had its initial public offering (IPO) in September.
Its IPO share price was $33, but when the market opened, its shares opened at $46, and when the market closed that day, they were trading at $50.50. By last week, they were down to $42.50, but on Monday, they were back up to $45. Even at that price, the company's shares are expensive, with a price-to-earnings ratio (P/E) of 546.47.
UNVC Amazon connection
“Second, Amazon is coming after it with its own online prescription service. While GoodRx had, at last count, more than 4.4 million subscribers, there are 126 million Amazon Prime members who could use Amazon Pharmacy, which was just launched in November and offers free two-day delivery of prescriptions to members, a pharmacist-staffed help line, and discount cards for the uninsured.”
https://www.fool.com/investing/2020/12/17/3-h...fore-2021/
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