Shopify: Way Too Cheap For What's Coming
Shopify(SHOP) Seeking Alpha·2024-03-17 12:41
JHVEPhoto There's a great quote out there by hedge fund manager Steve Mandel that goes something like this: "I don't need an analyst to tell me when a 10 PE stock is cheap. I need an analyst to tell me when a 40 PE stock is cheap." The meaning of this quote is simply that it can be tricky to find value in expensive-looking stocks, but doing so can pay off big time. This is because high multiples can put off value-conscious investors, even if a company's potential future results around growth and profita ...