Courtesy Fool TAllan at NPI:
15 Biggest Companies That Use Shopify
https://finance.yahoo.com/news/15-biggest-companies-shopify-…
Denny Schlesinger
Courtesy Fool TAllan at NPI:
15 Biggest Companies That Use Shopify
https://finance.yahoo.com/news/15-biggest-companies-shopify-…
Denny Schlesinger
15 Biggest Companies That Use Shopify
Impressive list, but not clear how much revenue of these companies is flowing through Shopify’s products. Tesla’s main car sales web site is not a Shopify store front if I am reading this correctly, and other large players are dipping their toes in on smaller, focused projects. For example, Budweiser.com’s swag site uses Shopify, but not the main site. The main Tupperware.com and FTD.com sites are Shopify.
Looking over the 2001 40-F, a couple things stand out:
1&2 provide a cash cushion of over $8 B, with total assets of $13 B and net shareholder’s equity of $11 B, or $88/share. The value of the business is on top of that.
Now on to attempt to make projections of the business.
-Mike
1) Large capital raises mainly by selling high-priced shares in 2020 and 2021. Less likely to be sustainable at this rate in the future
2) $2.9 B in gains on investments in private companies that subsequently went public. Also not likely to be sustainable at scale over time
1&2 provide a cash cushion of over $8 B, with total assets of $13 B and net shareholder’s equity of $11 B, or $88/share. The value of the business is on top of that.
I’ll look into the rest of your post but let me comment on ‘1&2.’
Of course they are not sustainable. Just like Tesla, they took advantage of a serendipitous opportunity to solve one of the most biggest problems that startups face, lack of sufficient working capital. A long time ago while working as a management consultant one statistic stood out, “75% of the companies that go broke do so for lack of sufficient working capital.” It is not ‘sustainable’ but the pile of cash sure sustains the business. Take Tesla, they just completed two brand new factories while paying down debt. Cash sure creates security. After the 2000 bubble I learned the lesson. Now I have what I consider sufficient cash reserves to weather booms and busts.
Denny Schlesinger
most biggest
I need a copy editor!
Denny Schlesinger