Global Blue Group Holding AG (GB): A Bull Case Theory

We came across a bullish thesis on Global Blue Group Holding AG on Iceman Capital’s Substack. In this article, we will summarize the bulls’ thesis on GB. Global Blue Group Holding AG's share was trading at $7.36 as of July 14^th. GB’s trailing P/E was 17.98 according to Yahoo Finance.

[caption id="attachment_955276" align="aligncenter" width="750"] Photo by Clay Banks on Unsplash[/caption]

Global Blue (GB) is the dominant global player in VAT tax refunds, commanding over 70% market share in the Tax-Free Shopping (TFS) space—nearly three times the size of its nearest...