$Sea Ltd(SE)$BullishThis is insane. Somehow I am bullish on SEA on the mid to longterm.
Investors have been selling off SEA recently given that it did not meet analyst expectations and the drop has been anything but little.
However contrarian thinking will make me wonder if the price drop is excessive considering that the circumstances are bad but not entirelydevastating. For example, if I were to compareSEA with $Grab Holdings(GRAB)$, I would bemore positive for SEA as there is still the gaming segment to pull it up.
Additionally, if you look at the cash and cash equivalents of SEA vs GRAB, you will be able to tell that SEA will last longer, if the circumstances remain the same.
Finally a search revealed that both George Soros and Ray Dalio recently took positions in SEA. Of course they could be wrong and they amount that they placed in is minuscule compared to their entire portfolio.
On the flip side, the case against SEA is lack of total profitability, declining sales from Garena, typical valuations not working due to lack of profitability, and the risk of it being a value trap.
Nonetheless I think the worst is about here and it is precisely at maximum pessimism that greatest opportunity exists.
What do you think? Am I sane?
Jokes aside, I've been catching up on WandaVision and I must say the plot is so cool. [Great]
@TigerStars@CaptainTiger@MillionaireTiger
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