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Stock impact report

Jim Cramer on Root: “You Got to Keep Looking at Something Else” [Yahoo! Finance]

Root, Inc. - common stock (ROOT) 
Company Research Source: Yahoo! Finance
“No, you got to keep looking at something else. It's not going to do it for you. It's actually an expensive stock, even though it doesn't look like it, because I don't think all the earnings are going to come through. But you know what? You got to think about Lemonade. I'm not kidding.” A stock market chart. Photo by Arturo A on Pexels Root, Inc. (NASDAQ:ROOT) offers auto and renters insurance through its app, website, and other digital channels. During the lightning round of August 11 episode, a caller inquired about the company and the Mad Money host responded: “I know Root… And by the way, Lemonade is the one that I'm looking at for, when it comes to insurance. Lemonade is your play. And by the way, I think Lemonade is disrupting the industry to the point where we're seeing lower rates, possibly. I know that because we're seeing a lot of insurance companies talk about lower rates, including Berkshire Hathaway.” While we acknowledge the potential of ROOT as an investment, w Show less Read more
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