That's the fundamental problem - everyone has different VALUATION of each company.muppetslayer wrote: ↑Oct 4th, 2017 2:42 pmMy argument is not against you. I am just saying the company is overhyped, and no way the stock price and the market cap are justified. Shopify's market cap is valued at 1/10 of TD, with less than 0.5% of TD's revenue (cannot even compare income cause shopify has never turned a proft). Yet leflower wants to short TD because he think TD is way over valued.
For a growth company, there's no right answer. Let me think, AMZN, SHOP, NVDA, NFLX, TSLA, etc... what's the "right P/E?"
BNN's take on this
http://www.bnn.ca/shopify-falls-after-s ... o-1.875268
anyway, end of SHOP discussion (I believe it has its own RFD thread anyway)Left’s analysis fell flat with at least one member of the analyst community. In an interview on BNN, D.A. Davidson’s Tom Forte, who is among the most bearish analysts on Shopify with the equivalent to a “hold” rating and a $115 target price, said he disagreed with Left’s assessment of the firm.
“This is an obviously negatively skewed view on Shopify, and an inappropriate one,” he said. “Ultimately, Shopify at its core is a software company that enables not only small to medium enterprises to create websites and sell products on the internet, but also large scale enterprises.”
Shopify has been among the top performers on the TSX, rising nearly 800 per cent from its initial public offering price of $17 per share in 2015.
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