Q: Seems to me management has not done a very good job in providing shareholders with any comfort during the short attack. The only mention from media I've witnessed has been a name calling tweet and "wait till later" for explanation, have I missed anything? Even with the decline I'm still a very happy shareholder, buying more on the way up, letting run to a 9% position and thankfully selling down to a less than full position. Much credit goes to 5i for teaching me these skills, thank you!
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
- Constellation Software Inc. (CSU)
- Descartes Systems Group Inc. (The) (DSG)
- Kinaxis Inc. (KXS)
- Shopify Inc. Class A Subordinate Voting Shares (SHOP)
- Spin Master Corp. Subordinate Voting Shares (TOY)
Q: I need two- three growth stocks for the next 2-3 years. Of the stocks listed above, can you pick your top top 3and why? While I expect some volatility, I cannot deal with gut wrenching volatility.
Q: Just purchased Shopify at $130+ and watching it fall. Do you recommend hold, buy or sell and why?
If holding CDN cash, do you see the US dollar as a good investment right now - especially given Nafta discussions looking less than positive for Canada. Or any other currency?
If holding CDN cash, do you see the US dollar as a good investment right now - especially given Nafta discussions looking less than positive for Canada. Or any other currency?
Q: What is cheaper, Square or Shopify? Which one has the better outlook today?
Q: Happy Thanksgiving to all. With investors selling on fear, gains, and some perhaps even losses do you think that SHOP will drop more? I'm thinking of selling and buying back Lower down the road maybe within 30 days. Yes...I know this would be "trading", but I'm willing to gamble a bit (in a RRIF at a 66% gain).I do have SHOP in my TFSA at an 18% loss as well. Both equal only 2.5%
Thank you as always.
Thank you as always.
Q: When would a short seller most likely cover their position on Shopify? Are earnings a consideration?
Q: Hi Peter and team,
SHOP is dropping again today. Any new short attack? Is SHOP still considered overpriced in spite of the pullback?
Thanks
SHOP is dropping again today. Any new short attack? Is SHOP still considered overpriced in spite of the pullback?
Thanks
Q: SHOP has had a very high valuation for the longest time on every metrics using comparables with similar stocks.
Even though the short sellers thesis is wrong, would a report like this make the stock correct naturally to a more reasonable valuation?
Meaning, maybe the real value of SHOP should be $100CAN instead of the present $130 and this report will be an EXCUSE to correct the price of SHOP and lower its NEW valuation for once and for all?
Is this what is happening right before our eyes?
Thanks
Even though the short sellers thesis is wrong, would a report like this make the stock correct naturally to a more reasonable valuation?
Meaning, maybe the real value of SHOP should be $100CAN instead of the present $130 and this report will be an EXCUSE to correct the price of SHOP and lower its NEW valuation for once and for all?
Is this what is happening right before our eyes?
Thanks
Q: BNN.ca Thursday October 5, 2017
Shopify responds to short-seller, ‘vigorously’ defends business model
Ian Vandaelle, Chase Producer, BNN
Shopify has responded to allegations levelled against the company by short-seller Andrew Left of Citron Research.
In a statement released early Thursday, Shopify defended its business model, which Left said relies on pitching a “get rich quick scheme” comparable to Herbalife.
“We vigorously defend our business model and stand resolutely behind our mission and the success of our merchants,” Shopify said in the press release.
“Shopify has always strived to take the path that leads to more entrepreneurs by designing its platform to remove the technical, operational, and financial barriers to enable anyone, anywhere, to build, grow, and scale a business.”
Shopify responds to short-seller, ‘vigorously’ defends business model
Ian Vandaelle, Chase Producer, BNN
Shopify has responded to allegations levelled against the company by short-seller Andrew Left of Citron Research.
In a statement released early Thursday, Shopify defended its business model, which Left said relies on pitching a “get rich quick scheme” comparable to Herbalife.
“We vigorously defend our business model and stand resolutely behind our mission and the success of our merchants,” Shopify said in the press release.
“Shopify has always strived to take the path that leads to more entrepreneurs by designing its platform to remove the technical, operational, and financial barriers to enable anyone, anywhere, to build, grow, and scale a business.”
Q: SHOP issued a statement/rebuttal last evening in response to Citron's attack. How do you think this will play out in both short and long term.
https://seekingalpha.com/article/4111761-shopify-response-citron
Would appreciate your comments and how you think things will play out.
https://seekingalpha.com/article/4111761-shopify-response-citron
Would appreciate your comments and how you think things will play out.
Q: Any guess on hypothetical FTC settlement if SHOP were to face similar claims as Herbalife did with $200M US settlement. Any guess on what impact may have on shares based on relative revenue, and market cap of each? Recently sold SHOP from 4% down to 2% for 3rd time I think, and hate sticking around with shorts, but still more than a double if goes down to Citron's $60US target. Would you sell off 2% or stick around.
Q: Here is a link to a different view of Shopify today saying the stock drop creates a buying opportunity.
https://www.streetinsider.com/Analyst+Comments/Shopify+%28SHOP%29+Short+Report+Creates+Buying+Opportunity+-+Baird/13361040.html
https://www.streetinsider.com/Analyst+Comments/Shopify+%28SHOP%29+Short+Report+Creates+Buying+Opportunity+-+Baird/13361040.html
Q: Anything further to add on SHOP? It's being battered today. Has it seen the worst of it?
Q: I see in addition to Citron, Bill Ackman is also behind the Shopify drop today per the general media. Shop has not responded yet.
Bill had it correct on VRX-tsx but not on HerbaLife. So time will tell.
Bill had it correct on VRX-tsx but not on HerbaLife. So time will tell.
Q: Would you add to shopify on the dip? Or do you foresee short sellers attacking the stock?
Thx
Karim
Thx
Karim
Q: Hi, Watching today's drop/consolidation, triggered by all the reasons mentioned in your response. Is it prudent and time to trim my 6.5% holding ? Thanks
Q: What is your advice regarding Shopify today? Hold, Buy or Sell? Thanks.
Q: I'm reading that Citron put a $60 PT on SHOP and is comparing it to the likes of Herbalife. Any validity to these claims that you are aware of or is this just Citron shorting the stock before the report to gain a quick buck? Seems kind of ridiculous!
Q: Shop dropping fast. I can't find any news.
Q: Hi, Could you please provide some more details about Clayton's question/comment "Alibaba is seeking to enter the space that SHOP presently occupies". Where can I find the source of this talk/news? Thanks