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Published on: November 23, 2021 at
BUYING Corsair before it's too late
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BUYING Corsair before it's too late
It's only a matter of time for Corsair Gaming (CRSR) stock in my opinion. 🚀 Join the VIP Membership Group (Discord) today! ► https://fiveorlessfinance.com/ Corsair Gaming (CRSR) stock... is a leading American computer hardware company founded in 1994 with headquartered in California that develops and manufactures high-performance gear for gamers. From PC components, such as RAM integrators, to premium streaming equipment, Corsair delivers a ton of products for various gamer needs. Corsair also produces dedicated keyboards and fixed PC cases for gaming, etc. Through its subsidiary brand Elgato, Corsair provides studio equipment and accessories for content creators, such as Youtube creators. In 2017, the company got acquired by EagleTree Capital in a deal valued at $525 million. Up to this day, Corsair Founder and CEO Andy Paul retains his equity stake and remains in his role as CEO. As of today's date, Eagle Tree owns 92% of Corsair Gaming and the company has only been public for less than a year. When they IPO’d last September, they went live at $17.25, and subsequently got pumped to an all-time high at $43.23 in February. Since then, CRSR has underperformed the Nasdaq and is currently down 25% year to date. With that in mind, we’ll be sizing up the opportunity in this stock. Last earnings was in fact Corsair Gaming’s best Q2 in history. During the quarter, total net revenue grew by 24.3% year over year to $473 million for the quarter. And the quarter showed strong demand for PC upgrades and livestreaming peripherals like Elgatos, and that segment in particular grew by 40.9%. It seems like demand for gaming is strong despite economies and travel re-opening. Despite seeing such strong growth, why did the stock fall after earnings? They recorded a miss on EPS by $0.03 due to higher logistics & supply chain costs, which are expected to remain elevated through the upcoming quarter as well. For the past year, there has been a global chip and CPU shortage, which is pretty much what explains NVIDIA stock going up so much in the past year. Because of this shortage, many gamers haven't been able to buy the components they need to upgrade their gaming PCs, resulting in pent up demand. Cheap growth stocks are rare. And Corsair is cheap on all accounts, on a free cash flow, P/E & price to sales basis - and that’s for a growth company with strong brands like Elgato. Corsair's valuation is well below the market average, and that's considering that Corsair is a top gaming accessories provider serving a growing video game industry . The global gaming market is said to currently be worth $175.8 billion. And it is estimated that by 2023, the market could be worth up to $204.6 billion. If Demand for games, esports, and gaming equipment isn’t likely to slow down any time soon. Plus, earnings growth, as seen with Corsair guidance will remain strong. If we just look at the past 5 years, total spending on gaming accessories grew by 75%, and much of that growth is expected to persist over the coming years. #CRSR #Corsair ....................... 📸 Check me out on Instagram & Twitter! https://www.instagram.com/elblancofinance/ https://twitter.com/5orlessfinance ⚔️ Managed to get you all a 30% discount on a professional crypto course! Use code: 5orlessBTC https://www.crypto-foundations.com/?ref=6 🔷 To buy & sell Bitcoin, I use Shakepay and BlockFi. Both platforms work hand in hand. First, you buy the cryptocurrency with Shakepay, then you transfer your crypto to BlockFi to get daily interest paid to you directly (6-9% annually!). The referral code gives us both $30 with Shakepay and $10 with BlockFi! ➔ Shakepay: https://shakepay.me/r/CVW9C8R ➔ BlockFi Interest Account: https://blockfi.com/?ref=501dfe31 ✅ Wealthsimple Trade account and get $10 for free when you deposit $100: https://my.wealthsimple.com/app/public/trade-referral-signup?code=IDN9IA ✅ QuesTrade margin account to buy OTC stocks and do pre/after market trading: QPass key: 386628227438240 ................................... DISCLAIMER - The content in these videos shall not be construed as financial advice. It is your responsibility to verify all information yourself. This is a Youtube video for entertainment purposes ONLY. Do not make investment decisions based on our videos. No copyright infringement is intended. Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week! ............................ Only responsible for gains, not losses Let's get rich 🚀📈 Let's finagle this bagel 🥯
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