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When I last wrote about Lemonade (NYSE:LMND), it was just after the company reported its fourth quarter 2023 earnings. Investors were disappointed with revenue guidance. Management didn’t enthuse investors when they stated that the company would double spending in 2024, but that spending wouldn’t come near doubling topline growth. The stock subsequently dropped almost 28%. At the time, I still recommended that investors willing to speculate should invest a small portion of their portfolio in the stock. The following chart shows that management only expects to achieve 26% year-over-year revenue growth by the end of 2024.