The Oscar Puzzle
<p>Oscar IPO’d on March 3rd at $39 per share and started trading at $36 per share, good for a market cap just north of <strong>$7 billion</strong>. Since then, it’s down nearly 77%, its market cap hovering around $1.5 billion.</p> <p>As The Abstract Investor <a href="https://seekingalpha.com/article/4448142-oscar-health-stock-misunderstood-and-undervalued">summarized</a>, the challenge, and opportunity, is that:</p> <blockquote><em>Many tech analysts aren't paying attention to insurance, while insurance analysts won't quite know how to look at a highly tech-stacked insurance company. That presents a </em><em><strong>potential opportunity for those that can figure out the murky puzzle</strong></em><em>.</em></blockquote> <p>In this episode, we try to put together that murky puzzle by understanding the two businesses that Oscar is building -- a tech-enabled insurance business and an insurance-enabled tech business -- and how they might combine to create the kind of scale needed to compete in health insurance.</p> <p>You can <a href="https://www.notboring.co/p/the-oscar-puzzle" target="_blank">read the full post at Not Boring</a>.</p> --- Send in a voice message: https://podcasters.spotify.com/pod/show/ageofmiracles/message
"Age of Miracles" · Packy McCormick | Turpentine
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Show Notes
Oscar IPO’d on March 3rd at $39 per share and started trading at $36 per share, good for a market cap just north of $7 billion. Since then, it’s down nearly 77%, its market cap hovering around $1.5 billion.
As The Abstract Investor summarized, the challenge, and opportunity, is that:
Many tech analysts aren't paying attention to insurance, while insurance analysts won't quite know how to look at a highly tech-stacked insurance company. That presents a potential opportunity for those that can figure out the murky puzzle.In this episode, we try to put together that murky puzzle by understanding the two businesses that Oscar is building -- a tech-enabled insurance business and an insurance-enabled tech business -- and how they might combine to create the kind of scale needed to compete in health insurance.
You can read the full post at Not Boring.
--- Send in a voice message: https://podcasters.spotify.com/pod/show/ageofmiracles/message