Shopify: Stock Split Gimmick Didn't Work
- Shopify completed a 10-for-1 stock split this week.
- The e-commerce platform finds the stock trading at 52-week lows despite forecasts for 20% to 30% growth rates going forward.
- The stock valuation is far more reasonable at 4x EV/S, but the retail shakeout needs to end before investing here.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »