Garbage Stock of the Day: Lemonade ($LMND) - The Walking Dead

Garbage Stock of the Day: Lemonade ($LMND) - The Walking Dead. Expenses 160% of Revenue

"Long ago, Ben Graham taught me that 'Price is what you pay; value is what you get.' Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down." - Warren Buffett

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[pooxtreme]

Reminder a year ago this is the same dude who said nvidia and amd were totally overvalued but he liked intel😂 - also said tesla was going well under $60
But today loves Costco at a 4 PEG valuation 😂

[nickjohnson]

They cede revenue to reinsurance. So yes, very high expenses but vs the dollars they collect from customers (in force premium) it not as extreme as you make it seem

[torgnyandersson]

This aged like guacamole. Stock is up roughly up 190% since this video.

[mikeng]

Tell me you don’t know the insurance business without telling me.

[Wildboy]

Garbage stock is a strong word... i mean its not like virgin galactic or att

[joseantoniocaballero]

But the CEO is worth more than 5 billion dollars just by himself

[DropBox-jxyr]

What's your opinion on Lemonade being added to the Russell 2000 recently?

[lindab.]

Overvalued, $50 no one will buy, I bought put today

[raymondnelson]

Terrible investment, but a great company for consumers. They aren't denying many claims & they're enriching the C Suite, but I couldn't care less as I didn't invest. I've had renter's insurance through Lemonade for 6 years at $5/month. Maybe I'll follow this strategy picking other insurances I need personally 😂

[dakel]

How much longer can they keep this up? Will they still be around in the next 1-2 years