Shopify Subordinate Voting Ord Shs Class A SHOP

Primary Symbol: T.SHOP

Technology Information Technology Services

Shopify Inc. (Shopify) is a Canada-based global commerce company. The Company provides essential Internet infrastructure for commerce, offering tools to start, grow, market and manage a retail business of any size. It provides platforms and services that are engineered and delivers a shopping experience for consumers online, in store and everywhere in between. Its software enables merchants to run their business across all of their sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces. The Company's Shopify platform provides merchants with a single view of their business across all of their sales channels and enables them to manage products and inventory, process orders and payments, fulfill and ship orders, build customer relationships, source products, leverage analytics and reporting, and access financing, all from one integrated back office. The Shopify's platform operates across 175 countries.

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Shopify Subordinate Voting Ord Shs Class A > P/E = 250

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Post by Bertandersonon Jul 14, 2022 12:48pm

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Post# 34824561

P/E = 250

In this environment, there is no other direction for this stock to go but down. It is a good company, I admit that, but it's way over priced with a P/E of 250. I don't know if it will drop all the way to a P/E of 25 but why would any wait for that? That would take the stock to $4. It's going to be a painful 2022 and 2023.

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