Shopify – Adding back common shares to Growth Portfolio Technology Sector

  • Latest quarter saw revenues up 62% year over year
  • Remains one of best positioned companies in application software
  • Remains closely associated with Amazon, differing from their competitors
  • Continues to outperform its peers
  • The share price is still off over 18% from its recent high despite today’s strong rebound
  • Aurora Cannabis has recently signed an E-Commerce deal with Shopify to sell both medical and recreational cannabis
  • While the shares still look expensive using traditional valuation parameters, Amazon also perplexed investors from its infancy by not reporting any profits for many years.
  • We all know how well Amazon is doing now

 

 

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