Global-E Online (GLBE)

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

Stock momentum has been very weak this year, but if one believes management (and analysts) then things should start to improve. Based on consensus estimates, EPS is expected to more than double in 2026. The company has $400M net cash and growing cash flow ($151M over 12 months). Margins have improve over the past three years. It did beat estimates last quarter. Sales rose 30%. Tariffs still are a question mark overall, but we think priced into the stock now. It could move on any good news, we think.
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(A Top Pick Oct 20/21, Down 65%) Down, but up 3% over the last 100 days. Not in his fund, but still in separately managed accounts. (Analysts’ price target is $38.00)

(A Top Pick Oct 20/21, Down 55%) Out of the fund, but still in some separately managed accounts. Great play on e-commerce. Enhances the basic e-commerce store. A real company, makes money, but the environment is not favourable right now. (Analysts’ price target is $38.00)

Really suffered. He thinks it's a great bargain down here, but won't go back to $80. Good runway. SHOP has a big position in it. Facilitates global e-commerce with taxes, foreign exchange, etc. (Analysts’ price target is $60.00)

Great play on e-commerce for those investors who think they've missed out on the best days of SHOP and AMZN. Direct consumer cross-border e-commerce. Strong secular uptrend. No natural competitors. Couples up with big merchants. Great balance sheet. Not cheap at 50x sales. Watch gross merchandise volume numbers. Buy it here around the $60 level, and at 50 and 40. Price target of $90. No dividend. (Analysts’ price target is $80.50)