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We start to invest in Shopify Inc.

September 19th, 2019

After selling all our shares of Colfax Corp. we were looking for a more promising investment and we found Shopify Inc. (NYSE:SHOP)

Shopify Inc. is based in Toronto, Canada and is an enabler of E Commerce. It started to produce software for small and medium sized enterprises to set up online shops. Then it offered payment solutions and now it starts to offer logistics in North America.

Shopify could become an independent alternative for third party sellers on the Amazon Platform. Shopify also is the No.1 ecommerce shop software solution for the new cannabis shops where selling cannabis is already legalized in the US and in Canada.

We will discuss Shopify in more detail in October!

But in these days the market offers us a good entry point to start a position in SHOP!

The stock already had a tremendous runup in the last years. But now following an investment in the logistics sector and a secondary offering of shares the stock price came back from an all time high of $ 407 to yesterday’s closing price of $ 325,85 . This is a very good entry point for long term investors. Start to build a position!

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