At 9AM this morning we will present at the third Contrarian Investor Conference along with several other noteworthy investors and analysts. You can register for the conference by clicking HERE. We wanted to pass along our slide deck on Trupanion which...
READ MORE >“Men acquire a particular quality by constantly acting a particular way... you become just by performing just actions, temperate by performing temperate actions, brave by performing brave...
READ MORE >It might seem outlandish to call a company whose stock has appreciated more than 35% this year and sports a market cap of close to $1.8B as a “dead company walking”. However, very little has changed related to TRUP over the past 2-3 months. The company remains a...
READ MORE >Yesterday, TRUP management released the latest chapter of the scintillating fiction: Pet Insurance Economics According to Darryl. There’s one thing that Mr. Rawlings and the rest of the...
READ MORE >We apologize for not publishing our thoughts following TRUP’s 3Q19 earnings release and subsequent conference call sooner. We wanted to make sure we had the chance to fully vet some of...
READ MORE >Sometimes in this business it truly is remarkable how stock price action dictates the narrative around a company. We’re not going to go down the Soros reflexivity rabbit hole here, but let’s take you back just 10-weeks ago following TRUP’s 2Q19...
READ MORE >“When it comes to claims as a percentage of revenue, it's really a factor of how is claims per pet increasing based on how ARPU, which is a per-pet number, is increasing. And they don't...
READ MORE >Over the past 2-3 months, the competitive landscape for TRUP has shifted dramatically. First, Synchrony Financial (SYF) acquired Pets Best. Synchrony will operate Pets Best as part of the company’s CareCredit division which offers a variety of credit...
READ MORE >Every stock is a story, it’s always been that way. Tens of billions of dollars are spent annually by corporations to establish the narratives surrounding their companies in the investment community. At no point in our investment careers, has story-telling been a more...
READ MORE >Well that was unexpected. TRUP shares traded off more than (-12%) today in response to the news that Synchrony acquired Pets Best, a leading pet insurance agency with more than 125,000 policies...
READ MORE >Against our better judgement, we actually listened to the TRUP 4Q18 earnings conference call live. Typically, the combination of management’s flowing discussion of its outlandish and...
READ MORE >“We own an insurance entity and we own it so that we can lower our fixed expenses and offer a better value proposition back to the consumers. “ Darryl Rawlings. CEO, Trupanion Inc....
READ MORE >“Changes in historical American Pet Insurance Company loss and loss adjustment expense are primarily due to changes in statutory accounting classifications, as well as our inter-company agreements, and are not due...
READ MORE >Over the past few weeks, we’ve been incredibly fortunate to gather extensive feedback from bulls and bears alike about the merits of their investment thesis on TRUP. One thing is clear: this is a highly contentious stock. Bulls feel...
READ MORE >“We are a direct-to-consumer monthly subscription service providing a medical insurance plan for cats and dogs throughout the United States, Canada and Puerto Rico. “ Trupanion, Inc. S-1 Filing....
READ MORE >LONG
$64
LONG
$110
SELL/SHORT
$8
SELL/SHORT
$50
SELL/SHORT
$50
LONG
$5.50
SHORT
$50
SELL/SHORT
$63
SHORT
$28
SHORT
$36
LONG
$65
LONG
$37
PAIR TRADE
$10
PAIR TRADE
$30
LONG
$35
SHORT
$35
SELL/SHORT
$10
SHORT
$101
SHORT
$15
SHORT
$0
SHORT
$9
SHORT
$0
PAIR - LONG BGG/SHORT TTC
25%
PAIR - LONG BGG/SHORT TTC
25%
SHORT
$14.00
SHORT
$22
SHORT
$15
SHORT
$20
SHORT
$31
SHORT
$35
SHORT
$30
PAIR - LONG KNL/SHORT MLHR
25%
SHORT
$100
LONG
$8
LONG
$20
SHORT
$22
PAIR - LONG CSGP/SHORT LOOP
40%
LONG
$35
SHORT
$275
SHORT
$0