4 Reasons I Bought Sea Limited Stock
When Sea Limited (NYSE: SE) went public in late 2017, I wasn't impressed by the Singapore-based e-commerce and gaming company. Its revenue was soaring, but its losses were widening as it faced tough competition in Southeast Asia from Alibaba's (NYSE: BABA) Lazada.
I turned bullish last August when I realized Sea's profits from its gaming business, Garena, were offsetting the losses from its e-commerce platform, Shopee. But I was still reluctant to buy the stock since it seemed a bit too expensive relative to other e-commerce and gaming stocks.
Yet Sea's stock has still surged more than 450% over the past 12 months, as the pandemic lit a fire under its e-commerce and gaming businesses. I generally don't like to chase high-flying stocks, but I finally started a small position in Sea, for four simple reasons.
Source Fool.com
