Billionaire Chase Coleman Just Made a Likely Once-in-a-Generation Bet on This Stock. Time to Buy? [Yahoo! Finance]
Sea Limited American Depositary Shares, each representing one Class A Ordinary Share (SE)
Last sea limited american depositary shares, each representing one class a ordinary share earnings: 3/3 06:30 am
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Source: Yahoo! Finance
More recently, he made what may be a once-in-a-generation bet on Southeast Asian conglomerate Sea Limited (NYSE: SE) after having sold most of his shares in 2022. Does that mean the troubled stock is ready for a comeback? The state of Sea Limited In retrospect, the initial optimism and past hesitation about his Sea Limited position appear understandable. When Coleman first took an interest in 2018, Sea Limited looked poised to capitalize on mobile gaming and online commerce in the populous emerging markets in Southeast Asia. The stock price rose dramatically over the next three years, particularly because pandemic-driven lockdowns increased interest in its offerings. However, by 2022, conditions had changed, and not just because the end of lockdowns left people with less time for games and online shopping. The decline in gaming worsened when the Indian government banned the company's popular Free Fire game in that country of more than 1.4 billion people. Moreover, its Shopee
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- 8/13/24 - Miss