הגורו - GURU ✓

[text] Oppenheimer Review of $LMND "the market is behaving irrationally" *Translated from a Hebrew research report* The Israeli technology-driven insurance company Lemonade (LMND) reported financial results last week that significantly exceeded expectations and reaffirmed its

[text] Oppenheimer’s Israel desk published a note today on Lemonade $LMND, focusing on the implications of digital agents such as Muse and Grok Bot, ahead of the company’s upcoming Investor Day in November. The translation is mine (well, not really, it’s GPT’s), and any errors are my

[image] It’s honestly hard to believe how amateurish this work from JPMorgan is. They included $LMND Lemonade in a basket of companies supposedly vulnerable to AI agents, needless to say, there isn’t a single other insurance company in the basket. By the same logic, they could have

[image] $PGY: Pagaya got crushed at the open today, down around 11-12% on extremely high volume. Based on the volume, it could look like a short attack, although that doesn’t seem very likely to me. It looks more like a large holder decided to exit aggressively this morning, perhaps

[image] $PGY: Based on my model, Pagaya’s announcements yesterday and today effectively completed its fundraising target for the year, measured against the midpoint of its Network Volume guidance. From this point onward, any additional fundraising should contribute toward reaching the

[image] $PGY: I think this may be the most important point in Pagaya’s new presentation. Nearly 50% of application flow now comes from non-decline pathways. Pagaya is no longer just a second-look company! Applications reached $307B in Q2, up ~60% in just two years, with annualized

[image] $PGY: Yesterday, Pagaya launched an approximately $600 million auto ABS deal (RPM 5) and announced a $700 million VFN facility to temporarily fund loans until various ABS deals close. Based on my model, the company is now on track to exceed the high end of its full-year guidance.

[text] $PGY: This is a clear positive. Despite higher benchmark yields, Pagaya was able to achieve tighter ABS pricing relative to recent deals, helping offset at least part of the increase in funding costs. PAGAYA today announced the closing of a $600 million AAA-rated personal loan