Stock Pickers Digest, in the August, 2017, issue, says buy Shopify Inc., recently $115.97. Stock Pickers previously said buy in February, 2017, at $66.17. A $1,000 investment then is now worth $1,739. Shopify provides retailers with Internet-based software to design, set up and manage stores, whether on-line or in person. The company is about to add eBay to its list of sales channels. This means that when shoppers use eBay to order something from a retailer that uses Shopify's services, those orders (as well as any messages between the shoppers and eBay) will go to Shopify for processing. Shopify has similar deals with Facebook, Amazon and others. Stock Pickers approves of these arrangements, as they allow Shopify's 400,000 users to move beyond their personal websites to reach customers. The arrangements also turn Shopify's potential competitors into collaborators. Buy.
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