1 Question I Have for Lemonade
Lemonade (NYSE: LMND) has quickly turned into a battleground stock since it went public last year. This is a fast-growing company picking up lots of young customers and raving fans. But having just crossed 1 million insured (in record time for an insurance company, mind you) and $213 million in in-force premium on policies, its market cap around $6 billion flummoxes many investors.
This is a story stock. Shareholders are betting Lemonade can disrupt the status quo and set a new standard in tech-enhanced insurance. But it's not a winner yet. I have just one question for Lemonade: Can it sustain the rapid pace at which it has added new customers up to this point?
I'm not expecting an answer anytime soon. In fact, I think it's best that shareholders (myself included) and detractors alike not fixate on the company's results.
Source Fool.com
