Trupanion's Sales Are Surging on Puppy Love That Should Have Growth Investors Salivate
Anyone who has followed the stock market for years will attest the market isn't always rational in the near term. At the drop of a hat, a stock can receive more praise and price appreciation than it is due, or plummet far beyond the realm of sensibility into cheap territory.
And the recent price action in (NASDAQ: TRUP) is proof that the market can make cheap stocks much cheaper: The stock has taken a beating in 2023, down a staggering 53% year to date. The company is certainly facing a major challenge. But the market seems to be overlooking the company's promising long-term fundamentals.
As an insurer, Trupanion receives premiums paid by the owners of enrolled pets. And the goal is to pay less in claims and operating costs than what's generated in premiums and investment income from its insurance float.
Source Fool.com
