I bought $LMND
last year at $32 a share, so yes... I am underwater heavily.
I am thinking that after this quarter I might start to add to it, in order to decrease my cost basis.
I would be buying at a P/S of roughly 3.5 compared to close to 5 when I bought last year.
Love this from the letter: "It’s in vogue to talk-up AI in earnings calls, though for Lemonade the power of AI and chatbots isn’t a recent revelation - it’s the foundation upon which our company was founded"