INNOVEST GLOBAL, INC. ($IVST): A RESILIENT, HIDDEN
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After a strong start in January 2018, the United States stock market has seen a steep correction, which has resulted in equities turning negative for the year. Bond yields continue to rally, which is causing investors to search for safety from elevated stock prices.
Furthermore, the return of market volatility shook out the highly-crowded short volatility trade, which resulted in massive losses across three notable inverse VIX ETFs: VelocityShares Inverse VIX Short-Term ETN (NYSEARCA: XIV), ProShares Short VIX Short-Term Futures ETF (NYSEARCA: SVXY), and the VelocityShares Daily Inverse VIX Medium-Term ETN (NYSEARCA: ZIV). Year-to-date losses for the exchange-traded funds are at -96%, -91.53%, -25.94%, respectively.
The bearish activity has woken up the investment community to reassess their portfolio risks. The correction is not all bad news, however. After a record climb and one of the longest periods of time without a reasonable correction in market history, it was only a matter of time before we experienced a reversion back to the mean.
Despite the market volatility and steep correction among the top U.S. stock indices, the underlying macroeconomic fundamentals remain the strongest in years. According to Tradingeconomics.com, the U.S. unemployment rate came in at a 17-year low of 4.10% for January 2018. Gross Domestic Product (GDP) came in at 2.60% for the fourth quarter of 2017, which is compared to results of 1.80% during the same period in 2016. The economy remains strong in the face of correcting markets, which provides investors the opportunity to take advantage of the pullback and prepare for the next potential rally.
One stock that has largely remained resilient in the face of the recent market turmoil has been Innovest Global, Inc. (OTC Pink: IVST).
Innovest Global, Inc. (OTC Pink: IVST) Benefitting From Its Revenue Generating Energy Subsidiary
Unlike most stocks across the market right now, Innovest Global, Inc. (OTC Pink: IVST) does not have an outrageous valuation. In fact, the company’s market cap stands at a meager $7.3 million, as of February 2018. Yet, the company has continued to build a fully-functioning and diversified holding company that is focused on generating cash flow.
Currently, Innovest Global, Inc. (OTC Pink: IVST) has the following holdings and subsidiaries:
Innovest Energy Group (Shepherd Energy Solutions; commercial energy)
Sanavida (English/Spanish telemedicine platform)
Chagrin Safety Supply (B2B safety supply)
Call Center Resources, Inc. (national call center with 30-year history)
Luxury auto dealership (still in due diligence period)
Recently, Innovest Global, Inc. (OTC Pink: IVST) announced that its commercial energy subsidiary has begun a major revenue push in its local Ohio markets. In fact, the commercial energy business just recently won bid for a “five-figure security-critical update” at a law enforcement center in Geauga County, OH.
Update: Telemedicine Subsidiary, Sanavida, Nearing Commercial Launch
The telemedicine industry is a huge component of the health care sector’s future. According to the Frost & Sullivan market research firm, the telemedicine market is forecast to see a compound annual growth rate (CAGR) of 29.30% between 2016 and 2021. This proves that telehealth is the fastest growing sub-segment of the health care sector.
During Innovest Global, Inc.’s (OTC Pink: IVST) leadership meetings that took place in January 2018, management released new details on the company’s telemedicine subsidiary, Sanavida. After successfully test marketing the platform in late 2017, management was pleased to announce that there are plans to move the service forward to an official commercial launch.
This would be massive for Innovest Global, Inc. (OTC Pink: IVST), as it not only would be a major revenue generator for the company, but it also is being launched during a time when millions of Americans are beginning to not be able to afford health insurance any longer. Rather than paying sky-high insurance premiums, management sees Sanavida being a much more affordable and viable alternative.
Remember, the “platform is available as a low-cost subscription and offers a wide range of services: face-to-face online health visits, 24/7 medical assistance, discounted medical visits, prescriptions, medical supplies, and mental health services.”
Revitalizing The National Call Center’s Eight-Figure Past
On January 22, 2018, Innovest Global, Inc. (OTC Pink: IVST) announced that it had acquired Call Center Resources, Inc., a national call center with a sterling reputation over its 30-year history. At one point in time within its history, the call center was generating revenues in the low eight figures.
Seen as the central hub to the holding company’s operations, management has major plans for the call center business. First, the call center will serve as a customer service and contact center for the holding company’s other businesses. Second, it will be used as a cost-effective sales resource to help drive business to Innovest Global, Inc.’s (OTC Pink: IVST) other businesses.
“When you have trailblazers that have created a culture like this, and an opportunity to bring that culture in house, along with a million-dollar revenue stream that can scale and is profitable, this is a great opportunity for Innovest to add not only a business unit, but a great tool for our other businesses to use in their efforts. This is a central piece of our mission to acquire and grow companies by focusing on low-cost customer acquisition, and I couldn’t be more excited about it,” detailed Innovest Global, Inc. (OTC Pink: IVST) CEO, Dan Martin.
Overall, the return of market volatility has investors questioning the overall health of equities. However, with the underlying macroeconomic fundamentals continuing to show strength, the latest stock market drop appears to be nothing more than a much-needed, healthy correction. Innovest Global, Inc. (OTC Pink: IVST) is one such stock that has remained largely resilient in the recent turmoil, thanks to the vast number of improvements and positive updates in the past month. The company’s commercial energy business is beginning the revenue engine, Chagrin Safety Supply already generates revenue for the company, Sanavida is preparing for commercial launch, and the national call center is the backbone to the entire operation. In the end, management is continuing to execute on its vision to build a diversified holding company that generates strong revenue growth.
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