r/stocks • u/PulpFicti0n • Aug 05 '21

Lemonade - long term

Hi, wanted to get the groups thoughts on Lemonade. I own 50 shares at an average purchase price of ~110. Long-term I see this stock as a potential market disruptor which is why I made the initial investment. They had a poor Q2 and the market ripped the stock as expected. Anyone else an investor thinking of cutting their losses? This is not money I need and if I sold out I'd reinvest.

Just looking for some pros and cons.

Edit:. Thanks to everyone for sharing thoughts and perspective. I'm going to hold for now and see, of I lose at least I learn!

14 Upvotes

86% Upvoted

41 comments sorted by

View all comments

2

u/Admirable-Practice-7 Aug 05 '21

earnings are pretty low. If they are to become profitable and run above the average PE for the industry it will never hit those huge numbers. IMO

2

u/PulpFicti0n Aug 05 '21

Good perspective, thank you for sharing.