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Pondering Shopify
I have had $SHOP in the back of my head for a few years. It started when I launched a T-Shirt business in school and used Shopify to power the store.
We shut it down 4 months later but not before making enough profit to pay for a few weekends. What I should have done was take the profits and bought $SHOP when it was $90 a share. Oh wait, I did that too but after reading The Intelligent Investor for the first time I sold it at $150 because there was little quantitative logic to make the valuation rational.
After reading some articles about the company and its founder my interest grew even more. Combine this with a falling stock price and we have a real interest.
I tell the whole story here and go over why I think it's interesting. I hope you enjoy it.
Peace and Love, Michael
Disclosure: the Family Fund is long SHOP at the time of this recording.
Newsletter: https://wallstgunslinger.substack.com
Twitter: https://twitter.com/Wallstgunslingr
Email: [email protected]
Please be advised, Wall St Gunslinger is not an investment advisor and does not give personal investment advice. All content is for educational and entertainment purposes only. Investing entails a lot of risks and should be managed appropriately. Please do your own research and consult with an investment professional before making any investing decisions. Thank you.
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By MichaelI have had $SHOP in the back of my head for a few years. It started when I launched a T-Shirt business in school and used Shopify to power the store.
We shut it down 4 months later but not before making enough profit to pay for a few weekends. What I should have done was take the profits and bought $SHOP when it was $90 a share. Oh wait, I did that too but after reading The Intelligent Investor for the first time I sold it at $150 because there was little quantitative logic to make the valuation rational.
After reading some articles about the company and its founder my interest grew even more. Combine this with a falling stock price and we have a real interest.
I tell the whole story here and go over why I think it's interesting. I hope you enjoy it.
Peace and Love, Michael
Disclosure: the Family Fund is long SHOP at the time of this recording.
Newsletter: https://wallstgunslinger.substack.com
Twitter: https://twitter.com/Wallstgunslingr
Email: [email protected]
Please be advised, Wall St Gunslinger is not an investment advisor and does not give personal investment advice. All content is for educational and entertainment purposes only. Investing entails a lot of risks and should be managed appropriately. Please do your own research and consult with an investment professional before making any investing decisions. Thank you.