4 Reasons I Was Wrong About Sea Limited’s Stock
Sea Limited's (NYSE: SE) stock recently hit an all-time high after the Singapore-based gaming and e-commerce company posted its second-quarter earnings.
Sea's adjusted revenue rose 93% annually to $1.29 billion, beating estimates by $230 million. It posted a positive adjusted EBITDA of $7.7 million, compared to a loss of $11 million a year ago and analysts' expectations for a loss of $41.9 million.
That earnings beat extended Sea's rally of more than 300% over the past 12 months. I personally missed out on that rally due to my bearish concerns about Sea's e-commerce business, so it's time to reevaluate the four things I got wrong about Sea -- and whether or not it's too late to buy this high-growth stock.
Source Fool.com
