1 Growth Stock You'll Wish You'd Bought on the Dip
The word "conglomerate" used to be reserved for behemoths like Procter & Gamble, the parent company of 65 different consumer brands producing everything from home care to baby care to hair care. Along comes the digital economy and a whole new class of brands and services are created. Companies like Amazon were able to show it's possible to assemble a collection of digital businesses to create an even larger organization in cyberspace. That colossal innovator is now valued at almost $1.1 trillion.
There's an up-and-coming company in the digital realm trying to be the next conglomerate and showing that more than one multi-focused company can succeed in this sector. Singapore-based Sea Limited (NYSE: SE) operates in digital entertainment, e-commerce, and digital payments, and it's growing at a rapid pace.
The current bear market has hit many tech and growth stocks hard and contributed to the 78% drop in Sea's share prices from all-time highs set last fall. It's also potentially created an opportunity for long-term investors.
Source Fool.com