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.
For further details see:
Here's Why Wix's Business Model Is So Powerful