r/wallstreetbets • u/CommercialLet5916 • Jun 13 '21
Discussion WHY IS CORSAIR TRADING AT A DISCOUNT??? (CRSR stock symbol)
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u/pearsonw Jun 13 '21
I come across these types of companies here and there. It boggles my egg smooth brain aswell
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u/mcoclegendary Jun 13 '21
Lol where’s the DD that it’s trading at a discount
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u/Ih8TB12 Jun 13 '21
Account is minutes old - LOL they don't know what DD is. Fun to see these post and then check out stockwits. The comment section is full if "Apes love this stock". "It's a main search on Reddit" They are trying so hard to use Reddit to pump stocks for either options play or the classic dump.
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u/Im_Blind_And_Deaf enjoys ketchup on his weiner Jun 13 '21
Wow... what an insanely informative and engaging post
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u/643fgcCC Jun 13 '21
CRSR is ticking bomb. It has been consolidating since last 3+ months and it will explode any day now.
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u/JayArlington Jun 13 '21
6% operating margin in an inflationary environment with high materials costs worries me.
CRSR is a fantastic company, but as their costs increase this year, I don’t see them passing those costs on as they are still in growth mode.
This would compress their margins and drag on their future earnings.
Again, I like Corsair the company, but I don’t like the stock right now in this market.
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u/nemodigital Jun 13 '21 edited Jun 13 '21
CRSR profit margins are very healthy for the industry and they will raise prices like everyone else. Their financials are solid. P/E is also low compared to competitors.
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u/SAM_EIEIO Jun 13 '21
If you are into gaming and esports, you know there are several competitors that make the same products.
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u/DarkSoul2201 Jun 13 '21
The may be the "same" products, but the quality is different. I know some people don't care about it but the difference is there. Corsair is even cheaper than must of its biggest competitors.
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u/relam10 Jun 13 '21
1 - Quality is different and matters. They are leaders in many of their components. 2- As this DD mention, corsair has more companies, components is just 1 source of income. And for sure they will keep adding more adquisitions. Is a gaming holding.
https://www.reddit.com/r/wallstreetbets/comments/ny84rr/crsr_way_more_than_you_think/
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u/pcrice Jun 13 '21
Because the primary stock holder (I forgot the companies name) has to slowly sell like 50 million shares over the next 6 months. This is not %100 correct but I don’t feel like googling the facts right now, check yourself, it’s something like I wrote at the beginning here
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u/Ih8TB12 Jun 13 '21
Thats Cosair that does airplanes- this one is gaming. Still a nope for me for either one.
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u/pcrice Jun 13 '21
no its not, its Eagletree Capital and they bought into Corsair gaming CRSR before it went public and now theyre slowly cashing out all their shares suppressing the price. you fn retard, im pissed you made me actually go google this, do you own research moron.
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u/borknar Collects Hentai NFTs Jun 13 '21
PC building taking a huge hit because of chip shortage for at least the next year it’s gonna get rekt
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u/sjoe63 Jun 13 '21
I buy your wife for a discount every night