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LMND - Lemonade, Inc.


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This stock is off the rails expensive. I bought some puts today but I am wondering if there are any bulls out there.

 

It looks way overvalued and the float is so small, the market is running hot on it. When the float increases, look out below.

- No real moat

- No material improvement over existing businesses

- Losing money due to poor operating margins

 

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