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Bullboard - Stock Discussion Forum Shopify Subordinate Voting Ord Shs Class A T.SHOP

Alternate Symbol(s):  SHOP

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... see more

TSX:SHOP - Post Discussion

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Post by Bertanderson on Jul 14, 2022 12:48pm

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.
Comment by Angler101 on Jul 19, 2022 4:17pm
Hey Bertanderson....”there is no other direction for this stock to go but down”....except when it goes up you mean?
Comment by Angler101 on Jul 20, 2022 3:22pm
Very unusually nice move up today...please don’t assume I’m a stock expert in any way, but I’m just speculating here that the perhaps there are rumours that next weeks quarterly report might show gains coming up out of pandemic numbers....I think if we see gains today and tomorrow over the $50 psychological barrier we’ve seen for the last month or so, this could be the start of an impressive ...more  
Comment by Angler101 on Jul 20, 2022 3:29pm
Plus.....a little bird told me something about some sort of deal with YouTube.....but I think he was a little high at the time, because that definitely sounds a little hard to believe.