The future adoption of driver-less cars seems quite likely, but is that a reason to short shares of a big auto-insurer like Progressive ? One big hedge fund believes it is and thinks Progressive is in for more pain than competitors like Allstate . In this segment of The Motley Fool's financials-focused show, Where the Money Is, financial analysts Matt Koppenheffer and David Hanson discuss the short and thesis.
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The article Are Driver-less Cars a Reason to Short Progressive? originally appeared on Fool.com.
David Hanson has no position in any stocks mentioned. Matt Koppenheffer has no position in any stocks mentioned. The Motley Fool recommends Progressive. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.