Unfortunately Monday's market hammering took the good, along with the bad. So now Jim Cramer is wondering what to do with a fast growing and innovative company such as Teladoc that had the misfortune of coming public this summer, right before the market took a nosedive and investors started to sell risky high fliers.
Teladoc is the largest player in the disruptive field of telehealth. It is the No. 1 purveyor of on-demand health-care services via the internet. Its platform already has 11.5 million members, and the company's revenue flew up 78 percent in its first quarter after going public. However, the company still continues to lose money as it spends in order to expand.
"I feel like this is the kind of concept that would have been embraced in a bull market, but unfortunately we are firmly in bear territory," the "Mad Money" host said.
Cramer worried that considering the current market environment, a company with little earnings does not have much of a safety net. However, he does think it will eventually be too cheap to ignore and it could turn into a long-term bargain if an investor is willing to endure the short-term pain.