Why Shopify Stock Just Dropped 5%
It's been less than 24 hours since Citron Research published its tweet heard 'round the stock market, predicting that e-commerce clearinghouse Shopify (NYSE: SHOP) would soon bring Stamps.com (NASDAQ: STMP) beneath its corporate umbrella -- and sending Shopify stock soaring higher on the "news."
ECOM ON FIRE. Citron believes $STMP gets acquired by $SHOP. Valuation gap has never been larger. On NTM EV/Sales, $SHOP at 44x vs. $STMP at 6x and $STMP is the proven leader in online postage... the essential tool for small biz not owned by $SHOP. All stock deal could be $400
Source Fool.com
