HiTALK
05-10

$Shopify(SHOP)$ In fairness, the it is less that the company is down 50% from highs and more that the highs were insanely premature and was priced for near domination, which it would never realistically achieve. There are plenty of pandemic darlings that just simply disconnected their price and their fundamentals and Shopify is a poster child for it.

There's a good company here, and I actually believe that the CEO is very impressive, but it is still very expensive on all valuation metrics and near perfect growth is still priced in without guarantee of fruition.

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  • Money365
    ·05-10
    f that bullish
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