Thomas Barwick/DigitalVision via Getty Images
Global-e Online (NASDAQ:GLBE) has drifted down over 18% from the point in which I last wrote about what this Israeli company does and why I considered it a buy this past September. The company
Global-e Online: An Emerging E-Commerce Company
Summary
- The stock price of Global-e Online has dived recently over concerns about physical retail reopening and the COVID-19 recovery beginning.
- Despite the reopening of physical retail and record levels of e-commerce receding, e-commerce should continue gaining market share faster than during pre-pandemic times.
- Global-e Online's Q3 2021 gross merchandise value grew 86% year-on-year and revenues grew 77 % year-on-year.
- The company's Smart Insights product has a competitive advantage over any new potential entrants to the space because of the depth and breadth of data that it has collected over the years on consumers.
- Global-e Online is a buy for an aggressive growth investor, especially on pullbacks.
I have been a Merchant Seaman that has traveled the world for over 30 years. Within the last 15 years, I developed a very intense interest in investing. I learned a lot of what I know about investing from The MF. Also because I have a engineering background, I often tend to gravitate to Tech stocks
Analyst’s Disclosure:I/we have a beneficial long position in the shares of GLBE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.