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Brad Freeman Profile picture
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4 Dec, 4 tweets, 2 min read
A lot of interest in $LMND lately... I wonder why πŸ“ˆπŸ‘€πŸ™‚

Here are my complete thoughts... nothing has changed since this besides 2 earnings reports that made me more excited about the company if anything.

I'm long for the long term barring any abrupt changes to the thesis. πŸ‹
& some more details from CFO Tim Bixby at a recent investor conference.

Going over
-how $1 in premiums flows through $LMND's income statement
-how new reinsurance contracts help the businesses
-LTV/CAC

& more
Why GAAP accounting is so weird for $LMND:

& finally how the most recent quarter went:

β€’ β€’ β€’

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More from @StockMarketNerd

Brad Freeman Profile picture
6 Dec
Peeling back the layers of the $OZON -- a company striving to be Russian $AMZN.

Recent takeover interest from $SFTBY & $AMZN hints at its ability to do just that.

Unsurprisingly, a @JoeySolitro pick.

Time for a thread. πŸ‘‡ Image
$OZON's mission:

"Transforming the Russian consumer economy by offering the widest selection, best value & maximum online shopping convenience while empowering sellers to achieve greater commercial success."
The value proposition:

a. For active buyers
--Widest multi-category selection
--"Exceptional value & convenience"

b. For active sellers
--Access to larger audience
--Ozon fulfillment
--"Advanced analytics tools"
--Lending options πŸ‘€
--ad & data services
Read 25 tweets
Brad Freeman Profile picture
25 Nov
$LGVW to merge w/@ButterflyNetInc -- a disruptor in ultrasound.

Learned about it a few days ago & had a chance to dig in.

A thread πŸ‘‡.
The product: "Butterfly IQ+"
-Puts ultrasound on a semiconductor
-Ushers in era of hand-held ultrasound
-Linear, curvilinear & phased array ultrasound probe all in 1
-Connects hardware w/integrated software, AI & tele-guidance to drive faster, smarter, less costly medical imaging
1. Notes from Dr. Jonathon Rothberg -- Founder & Chairman

The resume
-Pioneered a process to sequence genomes on a semiconductor
-Launched field of next-gen sequencing
-Won a Presidential Medal of Tech & innovation… casual
Read 25 tweets
Brad Freeman Profile picture
30 Aug
Weekend theme: S-1s

peaked my interest.

THREAD TIME!
Problem w/healthcare:

"No guidance for what healthcare should cost with or without insurance" -Co-CEO Doug Hirsch

Leads to higher costs so that in USA:
-2/3 avoid care entirely
-20-30% of scripts are left at counter
-25% have no doc
Resulting unfortunate consequences:

For us: American dies every 4 mins from not taking prescribed medicine as directed

For Health system: 30% of ER visits could have been treated in other care settings. ER visits are expensive for all parties.

For pharmacies: Loss of sales
Read 20 tweets
Brad Freeman Profile picture
19 Aug
Why I'm sipping on $LMND

THREAD TIME

@Lemonade_Inc A digitally-native insurance platform featuring

a) AI & machine learning to more accurately price risk & more affordably price plans
b) Philanthropy to make a shady industry friendlier
c) A quick, transparent buying process
The machine is learning:

In 2017: $LMND AI bots (Jim & Maya) handled 6% of inquiries.

Today 32%

There is every reason to believe the % will continue rising for this less than 4 y/o company.

Fosters lower customer acquisition cost that company passes on to users. (see below)
AI edge:

$LMND loss ratios improve w/scale; opposite of competition.

(Loss ratio=$ paid in claims/$ collected in premiums)

$LMND: .67

Industry ave: .82 (low is πŸ‘)

Machines > human mind @ scaling

A young company used AI to be 15% better at pricing risk than 100 y/o firms.
Read 12 tweets
Brad Freeman Profile picture
16 Aug
My investment philosophy (THREAD)

A) Identify stocks based on financial metrics such as:

rev growth/margin profile/op fcf & fcf trends/bs health/capital mgmt

Is growth powered solely by more opex, debt or equity dilution?

Is there any operating leverage apparent in business?
B) Study quality of products, competitive landscape, innovation pipeline, mgmt quality, & try to identify a strong moat.

Ask myself (& others) will products be growingly needed over 20 yrs? Is the company in a position to fill added demand?

Is it being disrupted or disrupting?
C) Listen to several past earnings calls & executive interviews to gage how timely & successful mgmt is w/executing stated goals.

Were predictions reliable or did they consistently miss the mark?

How smoothly are ops carried out?

Can I trust this mgmt team w/my $?
Read 5 tweets

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