Wipada Wipawin
Now more than ever, in my view, is a great time to pick up contrarian stock investments while the market is hovering around all-time highs. Not all great growth stories in the tech sector have to do with AI, after all. Plenty
Lemonade: 2024 Should Be A Successful Year For This Insurer
Summary
- Lemonade stock is a good contrarian investment opportunity while the market is at all-time highs.
- The company is focusing on accelerating its growth in in-force premium and expanding its footprint in Europe. It's expecting to deploy a higher marketing budget this year.
- It has smartly managed its portfolio to reduce concentration risks, particularly in home insurance, which has helped to bring loss ratios down.
With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha since 2017. He has been quoted in many web publications and his articles are syndicated to company pages in popular trading apps like Robinhood.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of LMND either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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