I am considering buying Sea Ltd with a very small speculative position. They are in dire straits because they haven't reached profitability yet and their only cash flow was coming from the Garena segment which is slowing down. Thanks to raising capital last year near peak stock prices they have a runway of 6.4 billion dollars. They burned through 1 billion in Q2 but emphasized that they would be shifting focus on reducing losses and increasing FCF.
Is it worth the risk for a small speculative position in your opinion? If they manage to pull through the returns could be exceptional.
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