Here's Why Wix's Business Model Is So Powerful
Israel-based Wix.com (NASDAQ: WIX) is a company that makes it simple and easy to create an online presence. The stock has been a fantastic performer over the past five years, more than quadrupling investors' money over that time. However, it's stumbled lately and is now down 45% from its all-time high as of this writing.
Fool contributor Jon Quast is feeling the pain. But in this clip from Motley Fool Backstage Pass, recorded on Oct. 8, Jon explains to Millionacres editor Deidre Woollard and fellow Fool contributor Jason Hall his investing thesis for the company. And this thesis is why he made Wix stock a major part of his portfolio.
Source Fool.com
