Is Lemonade a Buy?
Many growth stocks are feeling hungover after falling from their recent highs, and insurance tech company Lemonade (NYSE: LMND) is no exception, down more than 65% after its valuation got too hot for investors earlier this year.
With an innovative business in the enormous insurance industry, Lemonade represents a risky but potentially rewarding stock for long-term investors to consider. Here's what you need to know.
Insurance can often be thought of as a "necessary evil" among consumers. We need insurance on our health, homes, and vehicles, but few enjoy dealing with insurance companies. A study indicated that nearly one in five people would prefer sustaining a bodily injury to shopping for automotive insurance.
Source Fool.com
