Shares & Derivatives
Shopee (Sea) plunges 81% – Will I buy this stock at $72?
By Financial Horse  •  August 20, 2022
Remember when Shopee (Sea) stock used to be the hottest thing since sliced bread? Yeah… this horse is old enough to remember that… when Sea was worth more than double DBS’s market cap. Since it’s high of $372 in October 2021, Sea stock has fallen a whopping 81%. After reporting a poor set of 2Q 2022 financial results this week – Sea’s stock price fell another 17%. So… is Sea stock finally a good buy at this price? What was my conclusion in January 2022 – with the share price at $154?last looked at Shopee (Sea) stock back in January 2022, when the share price was at $154. My conclusion then was that I like the execution and the growth, but I hate the global macro. I thought it was too early to open a long term position in Sea, given that the Feds would be aggressively tightening monetary policy going forward....
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By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
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