MILE - Lemonade: Just As Unappetizing This Year As Last

• Lemonade is an insurance tech company that has failed to demonstrate the superior tech that investors expected at the time of the IPO.
• The company had an operationally lackluster 2021, and 2022 guidance is also far from reassuring.
• Adding Metromile merely puts another lemon into the brew.
• Lemonade has cash to survive awhile but with such uninspiring business results and large losses, I expect shares to end up in the single digits.

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