Shopify Inc.

SHOP-T

Could someone like Amazon take it over? Take some money off the table if you've held this for a while. He sold some shares a year ago, but continues to blaze higher. But its valuation is in nosebleed territory. He doubts that the lead shareholder will allow SHOP to be sold. Amazon is a candidate, possibly, but he doesn't feel it will happen.

He wants to own nothing to takes on Amazon. But their chart is spectacular though. He'd sell this now, if they are going against Amazon. Stay in your weight class. If they do, he'd hold onto this.

(A Top Pick Jul 18/18, Up 74%) He would stay with it. Online retailing will continue to grow. AMZN-Q is pushing some of the smaller and medium sized resellers off their platform and SHOP-T is stepping up. It is a growing pie and they have continued to deliver.

It's had an enormous run to levels he didn't imagine. Companies that have a good growth trajectory and story garner a huge multiple because there are so few of these stories in Canada. He wouldn't buy it now. By comparison, Amazon looks reasonable at 40-50x PE vs. Shopify which is in the 200s or 300s or higher.

He just can't buy this at 20 times revenues. It has a tremendous amount of implied growth embedded in its current price. News that Amazon may purge some smaller vendors could help them.