Don't Miss out on $LMND
- Archit Joshi
- Mar 1, 2021
- 2 min read
Insurance, as comforting and simultaneously dystopian as that word is, is still an opportunity to increase your portfolio. Classical insurance requires big sluggish 9-5 firms and has not really changed much in the last decades. With a new fighter stepping onto the scene maybe it is time to invest in the future of insurance. As the name suggests, Lemonade ($LMND) is a refreshing new approach to insurance. The business model can be simplified to making the process of buying insurance akin to buying a pack of pencils online. This new outlook will be huge and is a solid opportunity to enter early. Breaking the routine of jacking up prices of basic necessities brushes the idea of growth.
In an interview with CNBC, Daniel Schreiber, the CEO of Lemonade explains how users buy insurance. Users chat with a programmer not to make a financially wise decision. The ability to do this from the comfort of your home paired with its simplicity is sure to attract users. Daniel Schreiber says “if you spend more than 90 minutes buying insurance, you’re doing something wrong.” He is very bold and ambitious while still maintaining trust and confidence because his business model is simpler, easier to understand, and attractive. The refinery process the chatbots use gathers and processes all information obtained to better the experience of the next user. This concept further accentuated the exponential growth possibility of Lemonade. Simply improving improvements again and again and again. Comically in theory this system should end up perfect, literally spotless perfect but let's stay in our seats.
Ladies and gentlemen now that we have mentioned the steep uphill road ahead of Lemonade, we can address the elephant in the room. How can this help portfolios? As explained above, the company shows solid foundational groundwork and teases prosperity. The cherry on top being the early entrance opportunity. Lemonade trades under the ticker $LMND and is a publicly-traded stock. Unlike the name suggests Lemonade isn't sold for cents. At the time of this writing, the stock trades at a surprising $149 per share. This further adds to the promise that lemonade is solid top to bottom. It’s not the regular “east Asian battery company that was once mentioned in a rumor with Tesla ($TSLA). This is a well-established company trading on the NYSE with a market cap of almost 9 billion USD. in the last 6 months the stock price has quietly erupted, moving from $56 per share to the previously mentioned $149
The insurance scene is finally getting CPR from a young company that is looking for investors. To add to the feeling of “too good to be true”, the company's CEO has advertised his repeatedly improving model. Researching In the $150 range is a much safer bet than before the company had been properly executed to the industrial scale. Accomplishing further due diligence and keeping an eye out for lemonade. The theory and financing is intriguing and deserve a check from traders.
Please keep in mind that this is strictly my analysis and opinion. Financial actions should not be based solely upon the opinions of this one article. Please read my disclaimer for further information.


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