Q: Where (price wise) do you see SHOP hitting the bottom of the current downward cycle it's in? What potential danger points does it face that might cause it to stumble more than it is now?
5i Research Answer:
Execution is key; it has focused on costs and if there is cost-creep investors will not be happy. Customer adds, gross merchandise volume and the stickiness of its recent price increase are other things to watch. We know better than to predict a bottom price. Its one year low is about 50% down from here. But with 'decent' earnings and growth and an interest rate pivot we would expect it to do fairly well in the next year, from current levels.