Have $2,000 to Spare? Now Is the Time to Invest It Into This Pet Insurance Stock
Despite widespread fears that the COVID-19 pandemic would cut consumer spending, Trupanion (NASDAQ: TRUP) has maintained its consumer retention rates as more and more pet owners deem medical coverage on their pets essential. Here's why it is a good time to buy the stock at its currently depressed price.
Trupanion provides monthly subscriptions to its medical insurance plans for cats and dogs throughout the U.S. and Canada. In addition, the company offers its Trupanion Express software to facilitate the transaction of invoices between veterinary clinics and customers. Shares have sold off by about 25% year to date, but have the potential to appreciate significantly once investors discover just how resilient its business model is.
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Source Fool.com
