Feb. 20 at 5:51 PM
$ROOT $LMND is getting shot behind the barn down 45% off their recent high less than 1 month ago - it appears that scale without profitability is not rewarded in this space -
$ROOT has already been sliced and diced, and we will find out what today's market values once we get earnings - most of lemonades metrics are much higher then Roots ( no P/E, P/S, P/B, EV/Revenue) which means that it potentially has a long way to drop to trade in line with Root (including Lemonades continued net institutional selling vs Roots net buying)- I am thinking that Root has spent their time in the doghouse - I sold a lot of Lmnd on the way up to buy root on the way down, looking partially right at this juncture. I would like to head into ER around
$63-65 and just get a really solid print with some CLARITY on the call for partnerships - if one believes Root was manipulated down, the case can be made that lemonade was manipulated up (profit is still a few years off)
