By Jody Chudley Shopify (NYSE: SHOP) is one of the hottest stocks on the market.
Just check out this stock chart…
A $10,000 investment in Shopify five years ago is now worth more than $280,000! And the vast majority of that increase came this year.
No question… I wish that I had bought shares of this company a few years ago. But would I buy shares today?
No way.
Even when compared with some of the most expensive stocks in the world, Shopify is outrageously overpriced.
Founded more than 10 years ago when entrepreneur Tobias Lütke wanted to sell snowboards, Shopify is a great company… but at today’s valuation, …read more
