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Today we'll have Chris from 5i Research share his thoughts on Shopify stock – ticker SHOP.TO.
Usage Code: "SHOP" for a 14-Day Free Trial –
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Yes it is
My average is $31 on shopify. Loaded the boat. Love the company. Always wanted to buy shares but it was way to expensive. Still is expensive but something I’m willing to live with.
Very helpful thanks bud
Shopify is going to get crushed in a recession. Buying a portion of Affirm was a disastrous investment. All high growth stocks are forecasting they are going to be profitable soon. Just talk, wait till they walk the walk.
Great video Brandon, love to gear the opposing viewpoints. Im a SHOP shareholder and down big like alot of others. Im actually looking for a way out around $60 CAD as thats its next point of resistance. The company has quite a bit of dilution and stock based compenasation I dont like. They also gambled hard on e commerce expansion and were wrong so thats going to set them back a few years. Plenty of other more solid stable companies to invest in out there.
If it falls back to the mid $30s, I am a buyer. Otherwise, I am on the sidelines.
I caught that sexy knife a few months ago 😳
im buying around 25-30ish but not 50ish. goodluck during recession
If they paid a small dividend I might be in.
VCN has SHOP as largest holding. VCN is included into VEQT/VGRO/VBAL etc. So you likely to own some SHOP already
Interesting interview and how many thousands of shares Chris hold. I am already in red and hope it does not end up like another Rim Blackberry saga.
So why the crash ?A year ago 214.00 ,today 52.00 1/4 its value more than the 70% he claims . It seems more like people have taken a bath and are trying to upsell the stock to recover losses
They had a stock split as well lol
Shopify main compititor is Wix. A lot a review on the internet of both competitors seem to put them very close. I would have like to hear Chris point of view on how he see the battle between the two. Today, wix is charging a lower price to his customers than Shopify.
By the time I let hype get the best of me , I got in at $67!
Ouch. Been a painful ride down
I’m one of the fools who bought it at the peak. I’m currently down $73.9% But at least I did a fractional buy in my play account and only spent $5 on it. 🙂
I understand that Shopify is great company with lots of assets and growth potential but at the end of the day I don’t really understand who’s using shopify? Local merchants do use shopify but way more use Amazon. And more shopify stores fail than succeed.
Lot of sellers change the domain name of their website so customers don’t really know they are buying something from a Shopify store. Why would anyone buy anything from a random website on the internet where delivery times are super slow, over a trusted site like Amazon with 2 day shipping.
I don’t want to sound negative, but am genuinely curious
A lot of independent artists who build their following on instagram and twitter use Shopify. It was their platform of choice after fallout with Etsy. (So Etsy sellers before it became more of a dropshipping service) Their clientele would be people who buy handcraft or self designs and thus are willing to spend larger amounts of money on products. Examples of successful ones I can think of range from Xhilyn, Clammy Hearts, Umvelt, Carmico. To the average buyer, they’re not recognizable, but they definitely do have a dedicated and loyal buyer base within these circles. It may seem like small fry compared to Amazon but some of these creators make an incredible amount of money for a one person business.
Sure it’s easy to identifying a good company but is it at a fair price? He notes they’re not yet profitable and uses a price to sales metric. Doesn’t mention enormous dilution or stock based comp. Tons of exposure to small/medium business and consumer discretionary. How well does this fair in a slow-down in consumer spending? They were overly aggressive into growth during covid and now paying the price.
Great video Brandon!