NasdaqGS:BTSGHealthcare
BrightSpring Health Services (BTSG) Stock Retreats As Valuation Angst Trumps Growth
BrightSpring Health Services just had the kind of earnings day that tests investor conviction. The stock sank about 18% to roughly US$59 despite a headline quarter built on US$3.9b in Q2 revenue and a 44% jump in adjusted earnings before interest, tax, depreciation and amortisation. The selloff came after a year when the stock had already cooled from short term highs, even as trailing revenue climbed and the company moved solidly into profit.
The core story today is valuation strain colliding...