May. 13 at 9:57 AM
$SHOP there's very very few good deals in the market right now. This is by far one if the best - FCF came in at
$476M with a 15% margin in Q1 alone, and this is the 10th consecutive quarter of double-digit FCF growth. Capex for all of FY2025 was a laughable
$26M — compare that to Meta spending
$60B+ annually. This is a capital-light, cash-generating machine that's actively buying back
$2B of its own stock
The market is pricing SHOP as if AI threatens it - Every merchant using AI to build storefronts, manage inventory, and run ads still needs Shopify's payment rails and commerce infrastructure. AI commoditizes the frontend, not the backend plumbing Shopify owns.
Point is, this is a buy and hold for two years by which point your leaps will be up 1000%. I could be wrong of course but the bull case is too good to ignore.
