Submitted by 2ndSifter t3_zy8y3e in wallstreetbets
PortfolioIsAshes t1_j25p9zv wrote
Reply to comment by 2ndSifter in Progressive: The Valuation Enigma by 2ndSifter
I expect OI to be jacked up once this catches traction, I expected better numbers but I also doubt it'll go down that much neither unless they blow up all their investments. They're America's 3rd largest insurance company and the biggest auto insurer in the states, a bit hard to make them fall even with that amount of debt.
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