niclam
2022-11-03

ood one
@Samlunch：
$Shopify(SHOP)$This company is now aimless as its multiple tailwinds of ecommerce, covid lockdowns, and "tech" label have ceased. Unfortunately it is a glorified website hosting tool that thrives on its client's revenues and eating into their margins. In a recessionary environment where consumer spending is reduced, expect Shopify's profits to be drastically reduced - earnings and multiple compression is a double whammy. We may see sub-$10 price at the bottom.
$Shopify(SHOP)$This company is now aimless as its multiple tailwinds of ecommerce, covid lockdowns, and "tech" label have ceased. Unfortunately it is a glorified website hosting tool that thrives on its client's revenues and eating into their margins. In a recessionary environment where consumer spending is reduced, expect Shopify's profits to be drastically reduced - earnings and multiple compression is a double whammy. We may see sub-$10 price at the bottom.

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