What if I told you there is a company that grew revenue 47.9% year over year in its most recent quarter, all while being severely profitable, converting 35 cents of every revenue dollar into net income, yet trades at an incredibly low valuation of just 4.4 times trailing earnings? For perspective, S&P 500 companies grew earnings roughly 12-13% on average last year, and the index trades around 27 times trailing earnings as of early August.
To make things better, the company in question carries almost no debt while being severely cash flow positive. Management has been putting that cash to work in the most shareholder-friendly way available at this valuation, buying back its own stock hand over fist, repurchasing over 10% of the share count since the program began last summer, at prices below where the stock trades today. And on top of the buyback, the company recently initiated its first dividend as a public company, worth about 1.4% annualized at the current price.
The company is Slide Insurance, a young homeowners insurer operating out of Florida that listed on the Nasdaq in June 2025 under the ticker SLDE. Does the market know something the screener doesnβt, or is this a genuinely mispriced stock hiding in plain sight? Over the following chapters weβll investigate whether this stock is too good to be true, where the risks actually live, and whether it deserves a place in our portfolio.