TLDR; Low Float, Excessive Quick curiosity, Undervalued, Earnings are across the nook!! 🚀🚀
Here’s a screenshot of my place in Corsair Gaming – I’ve 6,700 shares at round 27.73
Why am I on this inventory?
Earnings progress is superior to most different corporations. Corsair Gaming (CRSR) reported 2nd Quarter June 2021 earnings of $0.33 per share on income of $472.9 million. This represents a few 22% improve from final 12 months regardless of the economic system reopening! Think about what 2022 will appear to be as soon as the pc chip shortages have ended!
CRSR most likely attracts the eye from the Reddit crowd with a excessive brief curiosity of 37% of the float, together with low-cost valuations. This inventory has been overwhelmed down these days for no purpose in my view.
CRSR lately refinanced their debt, that means they may pay a decrease rate of interest rising their earnings per share. They’ve additionally dedicated to paying off an addition 47 million in debt by the top of the 12 months.
The corporate mentioned it continues to anticipate 2021 income of $1.90 billion to $2.10 billion. The present consensus income estimate is $2.02 billion for the 12 months ending December 31, 2021. The market cap for this inventory is barely round $2.5 billion.
CRSR lately entered in to the digital camera market and the monitor market. This firm continues to innovate and steal market share from opponents.
This firm ought to be capable to develop at 10-15% every year by means of the following decade making this a no brainer. Buckle up apes, we’re happening a steep vertical journey to the moon. Corsair Gaming has been disrespected by Wallstreet however they cannot cease us!
I imagine this firm is a slam dunk long run. These are all my opinions in fact. Are you on this inventory? Let me know what you suppose! And sorry for the double submit.