Trupanion's Membership Is Soaring. Should You Buy the Stock?
As a growth investor, few signs are as encouraging to witness from one of your holdings as a rapidly growing customer base. This is because such an occurrence typically means that the revenue of a business is quickly rising, and if the company isn't yet profitable, it is on the way.
After recently reporting results for the second quarter, pet insurer (NASDAQ: TRUP) is definitely expanding its enrolled-pets membership base. But is the stock a buy for growth investors? Let's peek at Trupanion's fundamentals and valuation to answer this question.
A YouGov survey from a few years back found that 88% of American pet owners view their pets as family members. Taking the results of this survey into consideration, it shouldn't be shocking to learn that North American pet owners alone spend $60 billion-plus and counting each year to provide veterinary care for their animals. Since its founding in 2000, Trupanion has established itself as a leading choice for pet owners to hedge against high veterinary care costs.
Source Fool.com
