TRUP - Is This Beaten-Down Stock a Smart Pick for Growth Investors?
2023-03-08 06:54:00 ET
When done right, growth investing is a strategy that can be quite lucrative over the long haul. The strategy is to pick quality businesses with significant catalysts that will power the top and bottom lines higher over time. For less mature businesses not yet turning a profit in newer industries, revenue growth is a great measure of whether a business is properly executing and is a good candidate for growth investors. If the business is firing on all cylinders with strong growth figures and progressing toward profitability, investors are likely to reward it with a higher valuation as the years unfold.
Pet insurer Trupanion (NASDAQ: TRUP) could fit this requirement. The stock has soared 26% year to date but is 40% below its 52-week high. Does the company have what growth investors are looking for?
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Is This Beaten-Down Stock a Smart Pick for Growth Investors?