Here's Why I'm Defying the Critics and Buying More Sea Limited
It has been a terrible few months for investors in Sea Limited (NYSE: SE), with the stock now down just below $100 after topping out at $372 last November. That's a shocking decline, but while Sea was likely ahead of itself at nearly $400, I think the stock has far overshot to the downside today -- by a lot.
As Warren Buffett once said, "You pay a high price for a cheery consensus," and "The market is there to serve you, not instruct you."
With the price now falling below where I first purchased Sea Limited back in 2020, here's why I bought more after its recent earnings report. As Motley Fool trading rules allow, I might buy more in the coming days and weeks as well.
Source Fool.com
