 Bye now What's up money geeks mr. V here welcome to another video guys so into this video We are going to talk about ticket symbol G G Rx good Rx. So this is a company that when public juice are about two months ago and Most recently got caught in a crossfire Because Amazon announced that they were gonna start selling Medication or prescription to their prime members So this company kind of took a serious beating because of that So again, I want to talk about that into this video But before we get started guys if you're new to the channel We took about how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button and any notification belt So you don't miss out on new content So good Rx is a company that we talked about here on the channel when they were going public So we did a video about that really capturing what the company does and how What kind of opportunity the company was presenting to us as investors if you didn't watch that video I'm gonna hook it up here so you can definitely go check it out But again, just last week they got caught in this crossfire where Amazon comes out and announced that They are going to start selling prescription medication to their prime members and again at Amazon being a very big company That has strong reputation People were freaked out in a lot of investors started running away or shying away from good Rx So again now the question is is this a time for you to buy or or not? I'm not gonna go into detail again Like I said, I already have the video that I did about the company here when they went public But again, this is a company that provide kind of a service for people to save money on their prescription medication So Amazon steps in and say we want to stop providing medication people Investors like start selling out and pull the price of the stock. So when I saw that to me It was a great opportunity because for the most part if you if you are in this space You will notice that big companies do things and the small companies that lead in that space always get pounded You see investors panic when they come out and make a huge announcement. So I can give you a good example We can we she take companies like zoom when zoom last this just this year zoom was like really Gapping and going up and then Facebook came out and said oh by the way, we want to start doing our own video Conferencing platform and zoom took a huge beating and investors now pull out some people were smart but in at that low price and made a ton of money if you look at company game like Trilo Trilo back in 2017 when it started Amazon came out and said oh We're gonna start creating the same messaging app like Trilo and to look took a serious beating Since then till it has gone up a thousand percent look at a company like Roku when it's true The same thing when I think Amazon and Apple came out and said they're gonna be offering the same service as Roku and The Roku took a beating and now Roku is up 250% so bottom line is a lot of these news for people that don't understand the companies will probably panic But I see it more as an opportunity to go in at this lower price. So when Amazon actually, you know came out and make the announcement Good Rx was actually trading at about 50 something dollars and that pulled them down to on their $40 and to me ours I'm screaming off the my lungs like hey This is bye bye bye because we've seen this particular game happen over and over again with other companies. So Right now. They're still trading at under $40, but I think it's a great opportunity. So I bought some Last week and now I'm still gonna looking at adding some more this week So that's a company that I I see they are leading that space. They have relationship with with other pharmacies Yes, Amazon can come out and say this but again, you eventually the long run and you know, I'm looking at history here Companies that are leading the space. These big companies will come and say we want to get in the space You would see that reaction in the market But at the end of the day it goes back to the fact that the leader in that space is Good Rx in this in this question. So I Still like them at this price to me It's kind of like a discounted price again like when they came out, you know that when they came out I said do that wait for a pullback to buy So this is that excellent pullback that you can get in again Don't expect to get your returns back Maybe in the next week or two if you're buying now make sure that you're ready to buy and hold for the next Maybe six months to a year or so because this is a company again I said they are just starting out once things get back to normal business goes back at as usual You're gonna see a lot of people start, you know, using your coupons and everything to save money in their prescription And people when people get back to work and they're able to affect their prescriptions These guys are gonna pick up and just go so I mean as the price right now at under $40 My anticipation is that these guys are probably gonna say the price target here in the next year or two to over a hundred dollars It's here again. That's that's my my speculation here. I don't have our crystal ball I'm looking at but I'm just gonna service that they provide so again They have partnerships with Walgreens with Walmart with CVS with Target with Safeway So these are all major players that was he established this relationship with it's very very difficult to just server ties and go away And by the way, all these companies are competing against Amazon. So why would they want to? Just let go good RX Because Amazon is in the space They're still gonna want to work with good RX because they it makes them stronger and makes them be able to go against Amazon So again, if you talk to most pharmacies, they will tell you that hey, this is a good company I do have friends that are in that space. Hey, what's up, Kevin? And these are guys that are know exactly what's going on and it's like hey This company is a good buy and so I think are again at this price point of under $40 It's a good way for you to get in and you don't have to get it in one big chunk If you're still worried that the price is pregnant a pullback Ideal way for you to approach this is buy a little bit and then average your way down or buy a little bit and average your way up Again for me. I am in already. I have some shares I'm holding right now and I'm gonna keep adding as money comes in under $40 to be as an excellent price point And I see it just going up from there because the only reason they think pullback is because Amazon came out and said That they were gonna stop providing prescription medication through their prime service So that's it for this video guys. Let me know in the comment section What do you think about the overreaction for good RX or do you currently have good RX in your portfolio? If yes Do you look at adding more or you're looking like hey, this is really bad news Amazon as maybe a killer They're gonna come after these guys and crush them like a crook rich Let me know in the comment section and if you're looking to get started with investing guys right now We both actually doing a promotion where if you sign up and deposit a hundred dollars you get four free stocks Not one not two not three four to get you started again I'm gonna put the links in the description below. Definitely go check them out And as always guys always make sure that you do your homework do your research Ask questions before you invest investing is a dangerous business, but if you do it right you can make a lot of money And as always Stay safe and stay motivated