American Well Corporation (AMWL, Financial) is one of the U.S.'s largest telehealth companies for health systems, health plans, employers, and doctors. The stock declined after reporting third quarter results. Full-year 2020 guidance exceeded consensus estimates but implied top-line and margin deceleration. We believe future results could exceed these forecasts due to increases in pandemic-driven volumes.
From Ron Baron (Trades, Portfolio)'s Baron Partners Fund fourth-quarter 2020 shareholder letter.
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