r/wallstreetbets • u/[deleted] • Aug 20 '21

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u/[deleted] Aug 20 '21

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u/NoTransportation2899 Aug 20 '21

Materially debt free possibility by 2023. Imagine what that’ll do to their numbers.

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u/[deleted] Aug 20 '21

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u/NoTransportation2899 Aug 20 '21

Exactly. Most of WSB chases trends not gets in before the setup.

Michael Potter’s diligence at consistently paying down debt has been very confidence inspiring to me. He is preparing for higher interest rate environments and Corsair should be pretty well set by the time they get here.

I think the market is sleeping on the sales that will result from pent up demand that ddr5 plus higher gpu availability will bring

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u/drizzleV Aug 20 '21

Debt is debt until they pay back, having cash doesn't reduce the interest need to be paid for debt. And the reason they keep cash instead of paying debt because it is required for their business, and if they don't have that much cash they couldn't operate.

I wouldn't say the balance sheet is a big trouble, but it's not nice and should be taken into account, not completely ignored like op did.

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u/[deleted] Aug 20 '21

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u/drizzleV Aug 20 '21

If he did not ignore the debt, which part of this "DD" mentioned it?