SE - Buying Sea Limited And Trimming CrowdStrike
2024-06-14 07:05:44 ET
Summary
- Bought Sea Limited at $73.50/share, trimmed CrowdStrike at $381.64.
- Sea offers resilient growth at 25x FCF, dominant market share in Southeast Asia.
- Sea's success post-COVID shows potential for sustainable growth and long-term gains.
- CrowdStrike is phenomenal, but sky-high expectations at near 100x FCF require perfect execution. I prefer Sea Limited at the current levels.
A few days ago, I bought Sea Limited ( SE ) ‘Sea’ at $73.50/share and trimmed CrowdStrike ( CRWD ) at $381.64 . I am adding a resilient business with durable growth that can help the Sleep Well Portfolio thrive from unpredictability while reducing my largest holding, CrowdStrike, as its valuation has approached 90x free cash flow ($381/share vs $4 free cash flow per share)....
Buying Sea Limited And Trimming CrowdStrike