PRCH - Porch Group: A Complicated Tale
2024-02-18 09:00:53 ET
Summary
- Today, we circle back on Busted IPO Porch Group.
- The stock has seen some recent insider buying and is seeing some impressive revenue growth from its Insurance segment.
- However, the story around the company is a bit complicated. An updated analysis follows in the paragraphs below.
Every man I meet wants to protect me. I can't figure out what from . ? Mae West
It has been just over a year since I last took a deeper look at a Busted IPO named Porch Group, Inc. ( PRCH ) . In that article , I concluded by saying while the company has some intriguing potential ' until Porch Group, Inc. significantly reduces its quarterly cash burn rate, I plan to remain on the sidelines .' Given that the last piece was back in January of 2023 and the stock has been boosted recently by a new strategic business collaboration agreement, it is time to circle back on this company to see what progress Porch, Inc. since we last looked at it. An updated analysis follows in the paragraphs below....
Porch Group: A Complicated Tale