Shopify: Long-Term Profits Over Short-Term Returns
Shopify (NYSE:SHOP) delivered a poor first quarter report where nearly everything went wrong for the company. However, the acquisition of Deliverr and improving Merchant Solutions segment are positive aspects investors should also focus on. On top of this, Shopify's CEO just purchased $10 million worth of stock, showing the confidence management has for the company's rebound and priority long-term profits over short-term returns. Now that the stock is down over 70% since the beginning of the year, it seems to be trading around fair value.