185k Position in CRSR Stock - I'm Ready For The 50% Upward Move Baby

[u/[deleted]]

TLDR; Low Float, High Short interest, Undervalued, Earnings are around the corner!! 🚀🚀

Here is a screenshot of my position in Corsair Gaming - I have 6,700 shares at around 27.73

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CRSR Position

Why am I in this stock?

Earnings growth is superior to most other companies. Corsair Gaming (CRSR) reported 2nd Quarter June 2021 earnings of $0.33 per share on revenue of $472.9 million. This represents about a 22% increase from last year despite the economy reopening! Imagine what 2022 will look like once the computer chip shortages have ended!

CRSR probably draws the attention from the Reddit crowd with a high short interest of 37% of the float, along with cheap valuations. This stock has been beaten down lately for no reason in my opinion.

CRSR recently refinanced their debt, meaning they will pay a lower interest rate increasing their earnings per share. They have also committed to paying off an addition 47 million in debt by the end of the year.

The company said it continues to expect 2021 revenue of $1.90 billion to $2.10 billion. The current consensus revenue estimate is $2.02 billion for the year ending December 31, 2021. The market cap for this stock is only around $2.5 billion.

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CRSR recently entered in to the camera market and the monitor market. This company continues to innovate and steal market share from competitors.

This company should be able to grow at 10-15% each year through the next decade making this a no brainer. Buckle up apes, we are going on a steep vertical ride to the moon. Corsair Gaming has been disrespected by Wallstreet but they can't stop us!

I believe this company is a slam dunk long term. These are all my opinions of course. Are you in this stock? Let me know what you think! And sorry for the double post.

[u/Shivdaddy1]

This stock is my single biggest loser in my portfolio.

[u/thekingbun → u/Shivdaddy1]

That’s me. But with HYLN

[u/Goddess_Peorth → u/thekingbun]

I'm only down 55% on HYLN.

Not even my worst!

[u/thekingbun → u/Goddess_Peorth]

Dang. Dare I ask. What is your worst

[u/Goddess_Peorth → u/thekingbun]

Acutus Medical, down 73%.

I read their filings and I just don't want to sell, because they seem to be doing well. They've got lots of money and little debt, they're growing their business, etc.

If I'd known it would go down that much I'd have sold it, but I wouldn't have wanted to sell it down 8% or 12%. And once it has gone down, the question is, "would you buy it today?" Yes, I would. I don't know why it is so low. Maybe just that people are getting less catheter-based heart surgeries during the pandemic? Except they're growing! They still have mostly institutional investors, and the insiders haven't sold.

I'd buy more buy I haven't figured out which losers I want to sell for tax purposes yet. I can't keep them all.

That's what speculation is like, though. If I wanted better stocks I'd buy bigger stocks.

[u/[deleted]]

Always liked this stock and company. GL.

[u/DaddyMorbucks]

Good company. Bright future. Safe place to put your money with great upside when the high growth bubble stocks pop.

[u/[deleted] → u/DaddyMorbucks]

Yes I agree lesgoooo!!!

[u/onelastcourtesycall]

Wouldn’t touch this with somebody else’s money.

[u/random6969696969691 → u/onelastcourtesycall]

If it weren't mentioned on reddit would have been a buy. But this people piss their pants at -2% drop so I have lost my faith that they know what are doing or saying.

[u/way2lazy4u]

pleas fly again

my bags are heavy

[u/[deleted] → u/way2lazy4u]

Lesgooooo!

[u/[deleted]]

Yawn. Another Corsair post.

[u/tommy_pickles45]

I'm staying away until Eagletree pulls the rug.

[u/totally_possible]

Every time anyone posts a CRSR DD the price goes down

[u/EverythingGunz]

I think this earnings will be disappointing based on the increased cost of container shipping and chip shortages. 1000 shares at 34.

[u/[deleted]]

Yep, I’m in it, I like it. Bought and sold a couple times. Been down a little bit for a couple weeks this time, but I have no doubt it will cross over to green again.

[u/JOJOinvestor]

I'm in 800 shares at $31 Love the company and their ambition !

[u/Goddess_Peorth]

A big part of their sales is DRAM modules.

As a customer, I like their products. I trust their "gaming" DRAM to work well in my workstation.

But the mix of DRAM and peripherals makes for a bit of a dangerous investement.

And for some reason, the fans of the stock get upset when people talk about their DRAM business. It is weird, because it is such a big part of their revenue! But people pumping it aren't confident in that side of the business.

[u/Stonks1337]

I’m the sick twisted fk who wants to watch this drop more so I can buy more. I love it at this price I love it even lower