3 Reasons Lemonade Stock Looks Sweeter Right Now
Going into the company's second quarter, Lemonade (NYSE: LMND) was on the chopping block for many investors. Shares turned sour, falling more than 83% off their all-time highs. For a good reason, too. Lemonade has struggled with its cash burn and profitability, all while reporting a suboptimal gross loss ratio for several quarters in a row.
However, this quarter showed signs of hope. The concerns investors have had with the stock -- while still present -- are potentially easing. Of course, there's still a long road ahead for Lemonade to become worthy of buying again, but the company just gave existing shareholders three reasons to hold on a little longer.
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Source Fool.com
