INSU Acquisition Corp (INAQ)

[stocks4poppop]

Started a position at 12.30 for over a week now.
Small position, will add more as I can afford to do so.

I see the Space like this:

People in a city ride ubers, take lyfts, walk, carpool, take the train, ride the bus, hail a cab, ride their bike, take their scooter, take their motorcycle, and lastly, fly.

Now, who in the city owns a car today of all age groups?
Next, who in a city that own's a car wants to pay car insurance when they don't drive much, or rarely drive, or don't drive enough to warrant some of the astronomical automobile insurance rates some companies charge?
Next look at current stock price values below.

PGR - Progressive: $93 ps
All - Allstate: $103 ps
TRV - Travelers: $135 ps
CB - Chubb: $150 ps
MET - MetLife: $44 ps
LMND - Lemonade: $88 ps

Now look at those stock prices. LMND ipo was this year, around 30-40 I believe, look at it now. It's insurance all online and via their app. A buddy of mine just used it for renter's insurance and he raves about it. LMND isn't for auto insurance, but INAQ's Metromile is the same concept for automobile insurance. Now let's say Metromile is 70% less valuable than All State or Lemonade, that's about $25.00 ps if MetroMile is 70% less valuable than Lemonade, $30.00 ps if 70% less than All State.

Now we haven't even talked about Warren Buffet/Berkshire basically owning Geico insurance have we? How much money and value is there and has been created over time?

Well then, let's now Introduce Billionaire Shark Marc Cuban and the slick Chamath Palihapitiya investing in, and promoting MetroMile. Boom!

I love this, even though a lot of speculation. EV vehicles are all going to need insurance just like the Gasoline vehicles have for years.

As long as Metromile does right by the customer, as long as the process is easy, as long as claims go as smoothly as Geico or smoother, this is a huge play I believe.

I haven't even thought about those living outside of the cities. I'm sure there will be pro's/con's to those future and current customers too. Probably more Pro's than con's.

I'm in. Post a reply to me in a year. I'll be reading all the comment's. I'm in, not getting me out of the rocket ship.