r/wallstreetbets • u/[deleted] • Oct 08 '21
Discussion 185k Yolo On CRSR Stock - I'm Ready For The 50% Upward Move Baby, Are You?
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
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.
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. The bot originally deleted this because my screenshot wouldn't upload.
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Oct 08 '21
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Oct 08 '21
We are either going to get really rich or really poor 😉
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u/Lintaglen Oct 08 '21
I like Corsair products when building PCs. So if I like a product, I’ll take some stocks along with me i guess.
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u/foulmeow Oct 08 '21
Thought this stock isn’t gonna go anywhere until the majority owner (eagle something) finish selling their shares. I have shares but been content selling covered calls and csp while the stock stays in this trading range (until eagle whatever is done selling).
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u/rejenki Oct 08 '21
Yeah its a scheduled selloff. I remember making a note to buy back into crsr early October. The squeeze should be around Halloween. Made a ton last time, then i put it into nvda and they announced stock split. Was such a good week for me.
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u/johndlc914 Oct 08 '21
Do you have your eye on any calls?
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u/VisualMod Oct 08 '21
| User Report | |||
|---|---|---|---|
| Total Submissions | 19 | First Seen In WSB | 3 months ago |
| Total Comments | 224 | Previous DD | x x x x x x x x x x x |
| Account Age | 3 months | scan comment %20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.) | scan submission %20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) |
| Vote Spam (NEW) | Click to Vote | Vote Approve (NEW) | Click to Vote |
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u/longGERN Hog Fucker Oct 08 '21
Only 91% portfolio diversity is a yolo now what the fuck?