Topic: How To Invest

Stock Pickers Digest Hotline – Friday, February 16, 2018

Article Excerpt

SHOPIFY INC., $172.60, symbol SHOP on Toronto, offers merchants of all sizes Internet-based software to design, set up and manage stores across multiple sales channels. They include both permanent and temporary retail stores, but also web, mobile and social-media platforms. The company has now reported its second consecutive quarter of profits. For the three months ended December 31, 2017, and excluding one-time items, it made $14.7 million, or $0.15 a share. That’s compared to a loss of $0.4 million, or nil per share, a year earlier. The $0.15 profit was significantly better than the consensus estimate for a profit of $0.05. Shopify continues to attract more merchants to its platform. As a result, its revenue in the latest quarter gained 70.9%, to $222.8 million from $130.4 million a year earlier. (All figures except share price in U.S. dollars.) The company ended the quarter with cash of $938.0 million. It has no long-term debt. We still think Shopify shares have room to rise. Meanwhile, though,…

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