Short Seller Andrew Left Goes Sour On Lemonade, Says Company Lies To Shareholders_老虎社区_美港股上老虎

Short Seller Andrew Left Goes Sour On Lemonade, Says Company Lies To Shareholders

Benzinga2021-01-17

Andrew Left Citron Research’s Andrew Left criticized insurance company Lemonade Inc (NYSE: LMND) on Friday, saying its stock multiple is based on empty marketing tactics. The Lemonade Bear Case: In a ...

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易燃易爆的汤圆
·2021-01-20
跌下来我好大幅加仓。一直后悔百元以下时买的太少，目前只占到20-%
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心态一个
·2021-01-17
大盘集体向下，能停止在150已经说明一切，这二年空头不好过，连实质的东西都拿不出
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(NYSE: PGR) or State Farm.\n\"They've been lying to their customers and their shareholders,\" said the noted short seller.\nThe company has not responded to a request for comment.\nNot An ESG Company: He also blasted Lemonade's claims of being a \"social good\" company as an easy marketing ploy.\nLeft said Lemonade is taking advantage of younger investors' interest in supporting companies that have a positive social impact, like Tesla Inc (NASDAQ: TSLA).\n\"It's playing on the millennial investors,\" he said, adding that the company has a higher multiple than Zoom Video Communications (NASDAQ: ZM), Uber Technologies Inc (NYSE: UBER) or Tesla Inc (NASDAQ: TSLA).\nLemonade insiders have sold $400 million in the past six months but gave just $1 million to charity last year, he said.\nLeft said the Securities and Exchange Commission and the Federal Trade Commission should look more closely at companies that make claims of being socially responsible.\nPrice Action: Shares of Lemonade ended Friday's trading down 6.79% at $147.74 on Friday. Left's video posted to Twitter at 11:30 a.m.\nRelated Link: XL Fleet Spikes On CEO’s CNBC Plug, Citron’s Long Call\nSee more from Benzinga\n\nClick here for options trades from Benzinga\nHillman Group In Talks With Tilman Fertitta SPAC: Bloomberg\n6 Sports SPACs To Consider For Your Investing Playbook\n\n© 2021 Benzinga.com. Benzinga does not provide investment advice. 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