A date window is positioned neatly at the 3 o’clock position, while the Seiko logo is present beneath the 12 o’clock marker. Both the handset and the hour markers have been filled with LumiBrite material so that the dial can be read in the dark. A classic looking dauphine style handset occupies the centre of the dial. Silver peak-shaped hour markers are present at the cardinal positions on the dial, while simple silver baton-style hour markers make up the remains positions around the edge of the dial. The dial comes presented in cream and it embraces the spirit of the original design. A large easy-to-grip crown is also present at the 3 o’clock mark, it is topped with the Seiko logo. The glass has been treated to an anti-reflective coating, which ensures optimum legibility. The adoption of a fixed bezel and vintage box-shaped sapphire crystal are amongst the many features that remain true to the watch’s original design. The case of this timepiece is elegant, as it measures 38mm and is highly polished. The Alpinist family is celebrated for its compact design, its durability, and its affordability. Seiko Prospex Alpinist Watch SPB241J1 Gold Dial Mens pays homage to the original Alpinist model, the Seiko Laurel Alpinist, that was released in 1959. We see room for further penetration in payments, shipping, and capital, while the recent launches of Shopify Markets and other social commerce features bode well for growth as well.Description Seiko Prospex 1959 Alpinist Automatic Cream Dial Stainless Steel Bracelet Mens Watch SPB241J1 The Shopify Fulfillment Network remains in testing but is likely to gain significant traction with customers and should help drive strong growth over the next decade. That said, we do not see a change in the secular trend toward e-commerce. Shopify doesn't provide guidance, which makes forecasting more challenging and the shortfall a little less impactful, in our view, especially as e-commerce and retail were at a crossroads with global lockdowns easing and consumers returning to prepandemic shopping habits. While we are bullish on ecommerce and the firm's growth prospects, we continue to struggle with valuation. We are maintaining our $862 fair value estimate after narrow-moat Shopify missed on the top and bottom lines in the third quarter (we're moving our Canadian valuation to CAD 1,070 from CAD 1,080 based on currency fluctuations).
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