What's the Deal With Lemonade's Acquisition of Metromile?
When Lemonade (NYSE: LMND) announced in November that it would be acquiring Metromile (NASDAQ: MILE), investors' response to the deal was decidedly mixed. Like many growth stocks in recent months, shares of Lemonade have fallen considerably from their all-time high. Currently, the stock is trading down by nearly 80% from one year ago.
What should investors think of this deal? In this segment of Backstage Pass, recorded on Dec. 17, Fool.com contributors Toby Bordelon, Jason Hall, and Lou Whiteman discuss.
Source Fool.com
