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Global-e (NASDAQ:GLBE): It Looks Like Its Time Is Now
It has been 8 months since I last wrote an article about Global-e and its potential growth inflection. The shares are down 13% since that point, compared to a
Global-e: On The Cusp Of Its Growth Inflection
Summary
- Global-e is the leader in direct-to-consumer, cross-border, e-commerce, a rapidly emerging category.
- The company's guidance for the last two quarters reflected macro uncertainties and led to share price sell-offs at the time of the earnings release.
- The current forecast seems unusually de-risked.
- The company's Market Pro offering, a product of its partnership with Shopify, is just starting to generate revenue.
- The CEO suggested that its non-Shopify pipeline had shown acceleration and was at record levels.
Bert Hochfeld graduated with a degree in economics from the University of Pennsylvania and received an MBA from Harvard. Mr. Hochfeld has enjoyed a long career in the tech world, working for IBM, Memorex/Telex, Raytheon Data Systems, and BMC Software. Starting in the 1990s, Mr. Hochfeld worked as a sell-side analyst and won awards from the Wall Street Journal for his coverage of the software space. In 2001, Mr. Hochfeld formed his own independent research company, Hochfeld Independent Research Group, which provided research services to major institutions including Fidelity, Columbia Asset, SAC Capital, and many other prominent institutions and hedge funds. He also operated the Hepplewhite Fund, a hedge fund that specialized in technology investments. Hedge Fund Research, an independent 3rd party firm that specializes in ranking managers, rated the Hepplewhite Fund as the best performing small-cap fund for the 5 years ending in 2011. In 2012, Mr. Hochfeld was convicted of misappropriating funds from a hedge fund he operated. Mr. Hochfeld has published more than 500 articles on Seeking Alpha, all dealing with companies in the information technology space. Highly esteemed for his investment wisdom accumulated over decades, Mr. Hochfeld ranks in the top 0.1% of Tip Ranks analysts for his selection of information technology stocks and their subsequent successes.
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.
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