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SAAS companies have been on fire in the past few years. Just last week, Salesforce (CRM) bought a highly overvalued Tableau (DATA) for more than $15 billion. This came a week after Google (GOOGL) purchased loss-making Looker for $2.6 billion. In the public markets, SAAS companies like Square (SQ), Wix (WIX), and Hubspot (HUBS) are trading at forward PE ratios above 90. This article will provide a continued coverage of Shopify (SHOP), which I believe is one of the most