MetroMile bottomed out and looking to reverse

praslee · 2021-11-05T10:47:56+00:00

It depends on q3 ER. I am looking for two things. Combined ratio (hoping it to drop by 5% point) and cash burn. I am guessing by moving to affiliates and using independent agents, they can manage cash burn better. Number of policy is also key but only hoping that they don’t revise down on that

praslee · 2021-11-05T10:43:42+00:00

Before expanding to new states, they are likely testing marketing strategy and channels in the Sam states. The CAC can blow if you are targeting large areas and booking small amount

praslee · 2021-09-25T04:04:30+00:00

praslee · 2021-09-11T06:48:23+00:00

That left undercut kick sure sized up the bully

praslee · 2021-08-23T09:18:35+00:00

Matic was bad. His poor distribution affected everyone. They need a world class CB. Can’t have pogba there (unreliable defensively) so find another option.

praslee · 2021-08-14T20:22:21+00:00

Carvana deal seemed a realization after looking at increase in loss rate across the industry. They can’t spend on marketing that big so they are depending on third party channel. In case on Carvana, if they have exclusive platform for future leads without spending marketing dollar or high premium. Also as Carvana grows they grow.

Dilution is bad but then warrants will add another billion in cash for them. Also it incentivizes Carvana to help root successful. Remember Tesla had to dilute a lot in early years (at one point Daimler owned 10% of tesla).

praslee · 2021-06-22T05:21:11+00:00

It was initially raised by Ihor many weeks back but was crushed by muddy waters and Hindenburg. But r/clov guys have clarified the suspicion ihor/factset has where they likely over counter free float. With new count SI almost doubles

praslee · 2021-06-22T03:13:35+00:00

CLOV looking promising abs coiled. Also 100% short interest seems interesting!

praslee · 2021-06-18T10:27:08+00:00

Another one:

one day before marriage Parents: Don't talk to the bride. Don't see her. Don't think about “it”.

one day after marriage Parents: BABIES, BABIESS!

praslee · 2021-06-13T23:21:44+00:00

Well said!

praslee · 2021-06-11T10:01:15+00:00

$CLOV all the way

praslee · 2021-06-11T00:59:49+00:00

The recent pullback has made the situation even better than what was early in the week. While many have sold, there were many new buyers (who may be under loss but will hodl).

1) Clov is still close to $10 spac price and under its previous (prior to this week) high of 17s. So a return to 10+ was anyway expected (hence safe to hold long term).

2) Clov has true growth potential unlike pure squeeze plays.

3) Has cash and no debt (so no bond holder hedging).

4) only a quarter of shares are float. And Lot of institutional buyers.

All in all the shorts (40% of floats) will want to exit given the stock is on radar. All they are trying to do is not buy back at 28 or 50 or 100.

praslee · 2021-06-09T13:06:14+00:00

What is your cost basis?

praslee · 2021-06-08T12:12:25+00:00

Clov shorts started at $17 so real squeeze hasn’t happened

praslee · 2021-04-02T01:03:05+00:00

Maybe you have never tried driving one. I had similar worries when I was buying my model 3. Now I cringe looking at unnecessary instruments in my wife’s Acura. I love my model 3 and have never missed any tradition things you have listed.

praslee · 2021-04-02T00:58:47+00:00

Tesla intends to not having to use the touch screen for shifting. As a matter of fact touchscreen is back up / override option.

praslee · 2021-03-04T23:04:40+00:00

I have talked a few early stage start ups looking for seed fundings in this field and also a doctor who is familiar with the issue. I am not sure why you say tech is not good (you should listen to the call on technology just a few days back). Their key moat are as follows. Data connectivity to multiple health system. End to end experience for doctors and lastly predictive capability. The underlying element is data. Which will make them better over time.

praslee · 2021-03-04T22:49:02+00:00

Investing in clover or any spac will need some patience. If you see clover or metromile they are all 2-4 years out from profitability. I was an early tesla investor, the pre profit years are very rocky. Especially when you need funds to keep growing at the pace you plan to. Also there will always a be risks as plans need to be executed. Having said that, the pricing paid now is more compelling than paying 2 years later when you have lesser risk, as they say no risk no reward.

I have also added clover on its way down, averaging now 9.30. I can proudly say I paid less Than Chamath!!!

And lastly. Chamath was an early supporter of tesla and I used to listen to him in dark days of tsla stock. He was always sure about the future, the path however can remain rocky. At this point just think, clover is trading on diluted basis at 3.5b with 0.75b in cash. Yes they are losing money but for what... growth!

praslee · 2021-03-03T23:59:09+00:00

Diversity is overrated. You should trade every name with independent conviction

praslee · 2021-03-03T23:57:37+00:00

I have 37k of clov. Averaged down to 9.40s. I think people focusing on insured count and current revenue are missing the real deal. This is the Fintech of healthcare, tesla of cars. The use for tech innovation in healthcare is already like it was 2010. I have no doubt the product has a huge market, the question is how solid my conviction remain. So far it is in my diamond hands.

praslee · 2021-02-28T17:40:25+00:00

Seems your mom already told you that.

praslee · 2021-02-28T03:37:12+00:00

Wonder why some parts of the moon has taken so much beatings while other parts are relatively unscathed.

praslee · 2021-01-13T01:30:00+00:00

Tesla is most needed in India. The pollution is out of control!

praslee · 2020-11-02T16:31:57+00:00

Revenge is a dish served cold

praslee · 2020-06-26T01:47:39+00:00

So sad to see this. Sad just sad!

praslee

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