Additional Portfolio changes: Sale of 185 Asana (ASAN) and purchase of 395 shares of GLBE We have made another portfolio transaction today, reducing our holding of Asana by 185 shares and adding 380 shares of Global-E. The portfolio now holds 400 shares of Asana, and 670 shares of Global=E. These changes, and the other changes…
Summary Global-E is the leading vendor in a market segment called cross-border e-commerce. It offers merchants and brands a way to address international e-commerce opportunities through what is called the D2C ( Direct to Consumer) paradigm. The company has achieved exceptional growth, and has recently been increasing its revenues by near triple digit rates. The…
I am sure that subscribers will recognize that the last few days have seen a rather substantial pull-back in high growth tech names. Some losses have been greater than others. None of the valuation contraction has been based on some particular changes in the outlook for growth names, or their overall operational performance. We will…