$ROOT

V

vanzandt

Is this one going to zero?
I doubt it.
At $14, it might be worth a look.

It's not going away.
look at the balance sheet.
And its not like god has ever let an insurance company lose money.
EVER.

It ipo'd at $27 and was over-subscribed. Not that that means anything..... but if I had to put $100K in either this or DASH... I'll go with the insurance company.

$ROOT @ $14.
Pools warm, probably safe to dip your toes in a little.

rootcover0011.jpg

rootcover0021.jpg
 
I absolutely hate these type apps. I have ins with Travelers and they kept sending me notices to sign up for their driver app. I finally called and asked "ok, so how much of a discount do I get?"
$40 bucks a year (out of $1800).....Whoop-2-do! Told them to pound sand.

There is nothing proprietary about this. All the major ins co's have this.
This has to rate as one of the dumbest ideas in business.
 
Arnie said:
There is nothing proprietary about this. All the major ins co's have this.
.
More...

Who knows.
It seems to be forming a nice base down here.

This might be interesting to listen in on.

_______________________________________


Dr. Matt Bonakdarpour, VP of Data Science, will co-host a video webcast along with JMP Securities, “A Deeper Dive into the Data Science Expertise at Root Insurance,” on Thursday December 17, 2020 at 12:00 p.m. eastern time.

To watch and listen to the live webcast, please visit the Events section of Root’s Investor Relations website at ir.joinroot.com. A replay will be archived on the same website following the call.

Matt Bonakdarpour leads the Data Science team at Root.

Prior to Root, he was a Quantitative Researcher at Citadel LLC, working in the areas of high frequency trading and statistical arbitrage.

Matt holds a BS in Computer Science from Carnegie Mellon University, and a PhD in Statistics from The University of Chicago.
 
vanzandt said:
..... but if I had to put $100K in either this or DASH... I'll go with the insurance company.

$ROOT @ $14.
Pools warm, probably safe to dip your toes in a little.
More...

Well, on the day I wrote that $DASH was $190ish, so $100K today would be $95K.

$100K in ROOT... and you'd have a $150K today.

Not bad for just under 2 months.
 
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You know I have issues with this company.

Their balance sheet reads like Hitlers diary.

Usually you have revenue and then net revenue.. you pocket some... not these guys.
 
gummybear data indicates that hedge funds own 8.4% of Root. That worth noting, since hedge funds are often quite active investors, who may try to influence management. Many want to see value creation (and a higher share price) in the short term or medium term. Christopher Olsen is currently the company's largest shareholder with 20% of shares outstanding. For context, the second largest shareholder holds about 12% of the shares outstanding, followed by an ownership of 8.4% by the third-largest shareholder. Furthermore, CEO Alexander Timm is the owner of 7.7% of the company's shares.

To make our study more interesting, we found that the top 5 shareholders control more than half of the company which implies that this group has considerable sway over the company's decision-making.
 
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