Aug. 21 at 7:32 PM
$ROOT you're suppose to disclose that. at the end of the day a 15.5M non cash expense does not affect FCF. it should not shave off 500m in market cap nor should it cap
$ROOT from going up in billions.
look at whats going on intrinsically.
$ROOT tripled new writings in the partnership channel YoY.
$ROOT boarded over 7000 agents and 1500 agencies in a short 2.5 quarters.
as the quarter goes along, the partnership channel growth stacks as they expand their 20+ blockbuster partners and tackle representing half of the agency market in several years. by that time,
$ROOT will be underwriting millions of policies and have billions in rev growth.
if you understand this even at the slightest on whats coming, you would understand why Timm has consistently mentioned that
$ROOT will be larger than
$PGR
its coming.
$2074+
$UNH $PLTR $TSLA