$LMND- The Future of Insurance?
Lemonade Inc. is an American insurance company that makes it easier and faster to get insurance plans through their simple and user-friendly interphase. Lemonade makes getting insurance easy for the user, and with over 1 million satisfied customers, they are already stable fundamentally.
The reason I am posting this now is because earnings has given us a phenomenal entry point for this company. In the past 2 months, they have gone down over 40% in value. Because there doesn't appear to be something fundamentally wrong with this company, I think the share price will at least build back up to $150 soon.
This isn't just a value play, however. Lemonade may eventually dominate the insurance field. They have seen rapid growth since their IPO, and they now offer plans to al 50 states and even some other countries. They don't yet offer auto insurance, and it is very likely that in the future they will try to expand their field to include it.
Simplicity is key here. It's not that Lemonade invented a new product, they simply made something that was already around easier to do. The key for lemonade is in the user interphase. With pleased users and room to grow, I think shares could be retesting ATH's again soon, and the current share price of $105 is a spectacular entry point. Good Luck!
The reason I am posting this now is because earnings has given us a phenomenal entry point for this company. In the past 2 months, they have gone down over 40% in value. Because there doesn't appear to be something fundamentally wrong with this company, I think the share price will at least build back up to $150 soon.
This isn't just a value play, however. Lemonade may eventually dominate the insurance field. They have seen rapid growth since their IPO, and they now offer plans to al 50 states and even some other countries. They don't yet offer auto insurance, and it is very likely that in the future they will try to expand their field to include it.
Simplicity is key here. It's not that Lemonade invented a new product, they simply made something that was already around easier to do. The key for lemonade is in the user interphase. With pleased users and room to grow, I think shares could be retesting ATH's again soon, and the current share price of $105 is a spectacular entry point. Good Luck!
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