Stocknovice- I note your interest in SHOP following their recent report. I agree that one needs to pay for quality and regret not having done so when I made my decision not to buy last March when SHOP was at $340. But is the Q2 result a harbinger or is it just an a one time increase as a result of Covid. e-Commerce has perhaps jumped to a new plateau. Will it continue to jump? As for P/S the question I have is --how much is too much?
Shopify is an amazing company. Like many, I sold too early but can't wallow in hindsight. It made sense at the time given my criteria and the other purchases I made have performed well. I simply believe my present holdings have a chance to appreciate more given SHOP's market cap. Personally, I view Q2 as part harbinger (that SHOP will ultimately grow into a huge company) and part one time increase (based on the fact some percentage of ecommerce will almost certainly fade as COVID passes). Ultimately though, Shopify continues to be validated with each passing day. It's hard to argue against it in a portfolio of any size, which is why it's so expensive. It's up to the individual whether that type of quality is worth the present price.
Stocknovice- I note your interest in SHOP following their recent report. I agree that one needs to pay for quality and regret not having done so when I made my decision not to buy last March when SHOP was at $340. But is the Q2 result a harbinger or is it just an a one time increase as a result of Covid. e-Commerce has perhaps jumped to a new plateau. Will it continue to jump? As for P/S the question I have is --how much is too much?
Shopify is an amazing company. Like many, I sold too early but can't wallow in hindsight. It made sense at the time given my criteria and the other purchases I made have performed well. I simply believe my present holdings have a chance to appreciate more given SHOP's market cap. Personally, I view Q2 as part harbinger (that SHOP will ultimately grow into a huge company) and part one time increase (based on the fact some percentage of ecommerce will almost certainly fade as COVID passes). Ultimately though, Shopify continues to be validated with each passing day. It's hard to argue against it in a portfolio of any size, which is why it's so expensive. It's up to the individual whether that type of quality is worth the present price.