Stock Pickers refreshes Shopify buy
STOCK PICKERS Digest, in the July, 2017, issue, refreshes its buy of Shopify Inc., recently $113.02. Stock Pickers previously said buy in February, 2017, at $66.17. A $1,000 investment then is now worth $1,695. Shopify provides retailers with Internet-based software to design, set up and manage stores, whether on-line or in person. The company recently decided to raise up to $575.6-million (U.S.) through the issuance of 6.3 million shares at $91 (U.S.). The proceeds will be used to expand Shopify’s network and technology, to increase its marketing efforts, and potentially to make acquisitions. Stock Pickers reckons that Shopify will continue to benefit from modern consumers’ shift toward on-line shopping. The stock remains a buy for aggressive investors.
Robert Gerard Ashe, Steven Alan Collins, Gail Goodman, Jeremy Seth Levine, Tobias Albin Lutke, John H Phillips
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