If you know anything about the United States, you know that Americans love their pets. In many cases, people here tend to love their four-legged friends more so than their actual family members. To that end, pet insurance company Trupanion (TRUP) – which specializes in health coverage for cats and dogs – should perform well. Unfortunately, the opposite is true, with TRUP stock worryingly unable to generate traction. Frankly, that’s a massive problem.
Since the beginning of the year, TRUP stock gave up nearly 24% of equity value. In the trailing one-year period, shares plunged over 57%. To be fair, the red ink by itself doesn’t necessarily make Trupanion negatively remarkable. However, with the enormous market size of the U.S. pet industry, TRUP really should be one of the publicly tradable securities rising higher in this environment.
