Progressive: Sacrificing Margin For Top Line Growth (NYSE:PGR)

Since my initial coverage on Progressive ( PGR ) in March, shares have fallen about 22% after I issued a ‘hold’ noting that despite strong fundamentals, the company’s valuation was quite high and it was worth waiting for a better entry point. Following the company'sI'm an insurance Case Manager with a deep interest in investing. My investment philosophy is all about buying high quality stocks and great businesses. My favorite businesses are those led by disciplined capital allocators, earn exceptional retur ...