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Consumer Spending, E-Commerce, and the Business of Lodging
Motley Fool Money
Shopify Is a Company That Is Still Trading at 30 and 30 and Forty Times Sales, Which Is an Historically Enormous Number
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Shop if i, wrapped up its fiscal year with 57 % growth. And then shop if i said, growth for this year is going to be slower. Investors did not like that at all. I mean, as evidenced by the a pretty rapid drop in the stock. It was down 17 % when i checked earlier to day. But yet, it was a great number for shopify. It has to keep continually growing. Is this one of those stocks that is absolutely, no matter what the price is never going to look cheap? On a valuation basis, it seems like one of those businesses that is just always going to look expensive.
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