 So when the geeks mr. V here welcome to another video guys. So into this video we are gonna take a look at Good RX. So this is an IPO that's supposed to go out of the thing on the 23rd of September and Yeah, sorry, it's gonna want to take a look at them and see What this is maybe if it's a buy or maybe it's a wait and see what happens after the IPO goes live Under on the NASDAQ so Before we get started guys, if you're new to the channel, we talk about how to earn money How to save money how to invest and build worth so if there's something that interests you go ahead and hit that Subscribe button any notification belt so you don't miss out on new content. So this is as you can see here This is a company that really Thrives in helping people Their health care issues. So when I say health care issues, I'm talking about more so from a health Insurance and prescription perspective. So they provide coupons that you can actually use to really assist you in Reducing your health care costs. So now if you go to the website, you can search for coupons And you can see here. It says you can save up to about 80 percent of you know your prescription Of your prescription be using your coupons and so this is how it's work. It is whole thing works. So go to the website You find your freak coupon and again the one thing that the says here is that you can use it It works virtually every Every where in the US. So which is good because you have pharmacies across the countries and if you get Sick somewhere across the country, you don't have to wait to go back to your local pharmacy You can go to any pharmacy and just present your coupon and see able to pick up your prescription, which is great. So Yeah, and this company, I mean if feature you've been featured in like if you can see here Bloomberg business inside in CNBC all these other places. So they have some sort of a good reputation So again stuff that people are saying here. So let's take a look at ticket symbol. So again based on No, we board is IPO is going out tomorrow ticket symbol is GDRX So if you can you can type that in your search And we both you can definitely see GDRX and then you can just book market so that as soon as it starts trading You can definitely Buy it if you if you're interested in getting this particular IPO so Yeah, so that's basically what we want to look there and then so I want to take a look here real quick at their sec filing that kind of went out to sort In sorry, this is the first thing that when I look at it. Let's see a scroll back up here at the top All right. So here we are So right now I Don't see any particular prize for their For the shares, let me see. Maybe it's here Nothing so there's no listed price just yet for for the shares So this is interesting because I've actually seen a few companies go public now that they don't really want to Propose an actual price per share So this is crazy, so they I mean you're allowing the market to determine what that price is gonna be so It's a risk, but hey at the same time if people love your product, they're gonna go for it So Just kind of look at so this is one of the things that I looked at that I thought was interesting So it talks about like the number one That's most downloaded medical app. That's really really good. I mean if you can be number one in the medical space That's huge because not only are you being used by? You know younger people you've been used by older people I mean pretty much across the spectrum there you're being used So that's something that it really interests me and the next thing that I looked at to here was that they have 4.9 million monthly active consumers. That is huge To get 4.9 million active consumers. That is not even Anything in terms of the number of people so just imagine that if more people This is the market cap was let's say 100% and they can only get about 25% of that market cap They would be sitting pretty good and then the other thing to mention here is 80% are repeat activities So people use their their their you know your the app Maybe find coupons and go buy medications and get prescriptions and then they come back, which is great So again here they're talking about heart of safe To was that 20 billion plus for consumers, which is good. So Bottom line is that now that the business model is something that Makes sense. I like the fact that it doesn't have a ton of overhead Basically, you're producing coupons and everything my only Fear here is what stops another company from coming up with the same thing kids. What do you have here that you can say it's Strictly yours the data underneath everything I mean he granted the customers that you have the reputation that you have missed a lot, but Competition wise what stops another company from from scooping in and really taking a bite at your apple in per se so that's my only fear but Based on what I've reached just can Write so far in being able to look at Some of the things that people are talking about. I think the company has no a space In healthcare space because people want to save money Healthcare is not cheap. It's pretty expensive. So from doctor visits to, you know Medications and prescriptions and so you find every way that you can possibly can to save If saving on prescription is one of them like I said here You're saving about 80% off of your prescription. Then I mean by all means do it so I think that's why people are really looking at it and Just being interested in this in this in this particular Stack so I think it's a great opportunity And again, these guys are really looking at raising about 900 million dollars For you know, these IPO who knows if they can you can hit that number? But it's it's a it's a good thing for them if they can if they can get to that point so So these break it like I said good RX Has developed an online consumer platform that really aggregates Pricing for prescription drugs from sources I can't just spending the healthcare industry. So if you can again Get into the healthcare space and have that reputation where people can trust you they can help them save On the prescription costs. You are in business. So So in this case, I'm gonna use it to get somebody here. So GD RX You know is growing revenue and net profit Impressively so far as you can see here on this on this balance sheet here So they for the most part they're operating in the gap They have like free cash that is just there for them to use to kind of expand So all in all again in my personal take. This is a company that has Tremendous amount of potential. So right now majority of their revenue comes from Advertising and they are looking for ways to actually You know diversify their revenue if they can do that. I think they'll be in good shape and just continue to grow So again, there's IPO. I think to start with I don't know how it's gonna come out of the gate How it's gonna behave but my personal Observation here is that I'm gonna keep a close eye Watch what happens as soon as it gets out of the gate. I don't intend to buy and hold long term I intend to just watch and see if I can day trade it. I would definitely jump in and day trade it And then wait for some sort of a pullback because that's what usually happens with a lot of these IPOs They come out of the gate and just spike and then Next thing, you know, they hit some some sort of resistance and then start pulling back So I'm gonna trade it day trade it and then wait for that pull back and then see Maybe if I can pick up a few shares for holding long term because Again, this is an up-and-coming company So I want to see where they go again if they can find ways to diversify their Their revenue source that would be great a way just from doing advertising. So That's it for this video I think I'm really excited again just to kind of see where this goes So let me in the conversation. What do you think about this particular company? Do you have you use them again? One of my rules of investing is invest in something that you know Have you used this company for your prescription if you use them to save money? Let me know the comment section and if not, are you gonna be buying this this particular IPO? Or what's your take on it again? Let me know in the comment section if you're new to the channel We talk about how to earn money how to save money how to invest and build wealth So if that's something that interests you again, don't forget to hit that subscribe button and the notification Bell to you don't miss out on your content And if you are just looking to get started with investing Weibo is currently doing a promotion where you get a free stock for signing up and depositing a hundred dollars And the free stock is somewhere between two fifty and Sixteen hundred dollars. So definitely check the links in the description for that and as always guys Stay motivated