Bear's portfolio thoughts Nov 2024

[PaulWBryant]

@Fool4ZTribe

Thanks for bringing ROOT up a few months back.

And a big thanks to @wsm007 for the work he’s done:

Rooting (cautiously) for ROOT

I took a deeper look at ROOT after seeing it in @ryshab’s port overview. I remember looking into them in 2020, so was interested to find what happened in the meantime. Quite a lot! The stock price went from $431 in Oct 2020 to $4 in April 2023. And it is now at $39.71. This is a very high-risk company, make no mistake. Just based on that share price trajectory alone, it won’t get much more than a small-ish position in my port. Links: IR site: https://ir.joinroot.com/financials-filings/quarterl…

ROOT Q3 2024 | Rooting less cautiously now

ROOT had a monster quarter as @stocknovice said in this post. Here is the rundown: Shareholder letter ER Results Gross written premium was $332m, up 113% yoy and I expected $330m. Gross premium earned was $317m, up 134% yoy and I expected $320m. Revenue was $305.7m, up 165% yoy vs consensus expectations of $276m and my own expectation of $304m. So a huge top-line beat. Net income was $21.7m which is a net income margin of 7% (!!! - see later). EPS was $1.35 vs consensus of -$1…