PlumbobPartners

"Drive for show, putt for dough"

Focusing on the short game....

[PlumbobPartners @PlumbobPartners]

@AlderLaneEggs Its almost like @ActAccordingly wrote this. Not often in my career have you seen a company write their own short thesis! $TRUP just told the CA regulators why their business model doesn't work! $TRUP #adverseselection #ratespiral

[PlumbobPartners @PlumbobPartners]

@AlderLaneEggs Can someone show the sell-side robots what's really going on here? $TRUP just told CA in their response on 5/11 that revs (premiums) are DOWN 4.4% while expenses (losses) are UP 9.7%. Not that difficult to do the math here and CA over 20% revs... #ratespiral

[PlumbobPartners @PlumbobPartners]

Serious question @AlderLaneEggs What will Daryl do if CA doesn't approve their latest rate request? How did they let loss rates get to 98%?? Competitors aren't seeing the same "vet inflation" and aren't raising prices like $TRUP. Adverse selection has come home to roost.

[PlumbobPartners @PlumbobPartners]

@EmilyJBrill @EmilyJBrill Oh, Emily, what an ego you have. We have been "aware" of SERFF since before you knew what pet insurance was and have forgotten more than you know on $TRUP. Your arrogance and conceit are quite something.

[PlumbobPartners @PlumbobPartners]

@AlderLaneEggs @AlderLaneEggs @ActAccordingly No wonder they can't sell quickly enough. Looks like they withdrew their NY rate increase last week. Guess they didn't want to answer all those pesky questions. Without more price, what happens to loss ratios?? Asking for a friend... $TRUP

[PlumbobPartners @PlumbobPartners]

@AlderLaneEggs @ActAccordingly @Keubiko @Hedgeye @KeithMcCullough @AlderLaneEggs Can you ask Daryl why they are requesting ANOTHER 20-30% px increase in NY after just raising prices 20-30% on 86% of their customers on 1/26/23? I thought vet inflation was "mid-teens"? Rate-spiral in full display it appears. Customers are screwed. $TRUP

[PlumbobPartners @PlumbobPartners]

@AlderLaneEggs @ActAccordingly Can someone help me out here? Where in the 3Q call was this discussed?? First time any change in the Pets Best relationship was in the 4Q call in Feb 23. And Daryl said it was due to capital. NOTHING ABOUT A CA REGULATION MANDATE! Someone ain't tell the truth... $TRUP

[PlumbobPartners @PlumbobPartners]

@Keubiko So the guy on the board with a background and expertise in the insurance industry decides he wants out all of sudden, only to replaced by two bod members of a penny stock co that sells dog food. Sure its nothing... $TRUP

[PlumbobPartners @PlumbobPartners]

@AlderLaneEggs @DonDion35974931 @ActAccordingly has them dead to rights. Not sure how Daryl is going to talk himself out of this one. The days of spewing narrative TAM nonsense are gone. Turns out its an unprofitable regulated insurance company after all...

[PlumbobPartners @PlumbobPartners]

@ActAccordingly $TRUP had all week to respond to the credible and factual report from @ActAccordingly on what really happened with Pet's Best, yet crickets from Seattle. When Daryl can't control the "narrative" anymore, all that's left is a $ losing insurance company in a rate spiral...