Adding more
$GLBE. Last purchase before earnings in a few weeks.
- Price and multiples have come down to more reasonable levels
- Huge industry tailwinds with international eCommerce outpacing domestic growth
- Direct to consumer and online retail trends are also in Global-e's favor
- Shopify partnership/Flow Commerce acquisition opening up new customer bases
Risk: Russia-Ukraine conflict and China-Taiwan tensions have led many to speculate a de-globalization trend so this is certainly a risk to watch.