/biz/ - Business & Finance

What u smoking?

Its their second QR as public company. They slay the shit out of gaming market. Check out stats.

Now trending #1 at Stocktwits and got like three shoutouts from WSB.

Most interesting part is, their Q3 report was brutal too, but actual earnings day rendered very little. It was followed by nine consecutive massive green days for almost 70%+ gains.

This is no small thing. If we can get a few more QRs like this from Corsair, it is $150. At that price, its still barely more than half of $LOGI cap. CRSR will in 4-5 years be higher valued than $LOGI.

They could easily outperform expected earnings, meaning the stock will get a boost.

I don't know, we'll see.

Triple digit beats YOY for almost every parameter.
This is $90 in no time. People whined at me when i said, at $18, that $50 was nothing. Again, $90 is not even a question, its not even close to 1/2 of $LOGI. Realize how much potential upside CRSR has?

>>28187721
I'm smoking a little bit of fud and panic. Even though I should have got used to it by now.

Earnings call starts in 5 minutes, super bullish:

Link here:

https://edge.media-server.com/mmc/p/ekxk3p9h

So they only beat by 7 cents? I feel that is a disappointment.

>>28187367
I'm long, so pretty much 100% likely

>>28189688
Are you on the call? Moar pl0x

>>28187367
Sold before this dip and bought some Castor Maritime.
Hope I made the right choice.

>>28189688
They outperformed anyway.
I think this is still a path for a bright future

Predictions for today's high? 10% is $50 but premarket it'd already at $48.

>>28191420
A very interesting company. I'll buy them if they dip again. They've grown a bit to fast for the past weeks I think

go to work so Ali can feed his third wife before you gamble on stocks, germcuck

>>28187721
They need to expand into office computing gear. Logi sold an insane amount of normies webcams last year

https://www.globenewswire.com/news-release/2021/02/09/2172071/0/en/Corsair-Gaming-Reports-Fourth-Quarter-and-Full-Year-2020-Financial-Results.html


Fourth Quarter 2020
• Net revenue was $556.3 million, an increase of 70.4% year-over-year. Gamer and creator peripherals segment net revenue was $191.8 million, an increase of 104.0% year-over-year. Gaming components and systems segment net revenue was $364.5 million, an increase of 56.8% year-over-year.
•Gross profit was $153.8 million, an increase of 118.3% year-over-year, with gross margin of 27.6%, an improvement of 600 basis points year-over-year. Gamer and creator peripherals segment gross profit was $68.9 million, an increase of 197.7% year-over-year. Gaming components and systems segment gross profit was $84.9 million, an increase of 79.5% year-over-year.
• Operating income was $58.9 million, an increase of 314.2% year-over-year.
• Adjusted operating income was $71.0 million, an increase of 166.9% year-over-year.
• Net income was $43.0 million, or $0.43 per diluted share, compared to net income of $6.0 million in the same period a year ago, or $0.08 per diluted share.
• Adjusted net income was $53.0 million, or $0.53 per diluted share, an increase of 214.8% year-over-year compared to adjusted net income of $16.8 million in the same period a year ago, or $0.21 per diluted share.
• Adjusted EBITDA was $72.5 million, an increase of 154.7% year-over-year, with adjusted EBITDA margin of 13.0%, an improvement of 430 basis points year-over-year.
• As of December 31, 2020, we had cash and restricted cash of $133.6 million, $48.1 million capacity under our revolving credit facility and total long-term debt of $321.4 million.
• Cash flows from operations was $68.6 million, which increased from $36.0 million in the same period a year ago, bringing the full year 2020 cash flow from operations to $169.0 million.

sell or hold my feb19 55c

>>28191782

Im absolutely sure of breaking ATH today. But true gains will come in the following two weeks.

>>28192193
jesus they fucking killed it

>>28192193

Full Year 2020 Highlights
• Net revenue was $1.7 billion, an increase of 55.2% year-over-year. Gamer and creator peripherals segment net revenue was $539.4 million, an increase of 83.4% year-over-year. Gaming components and systems segment net revenue was $1,163.0 million, an increase of 44.8% year-over-year.
• Gross profit was $465.4 million, an increase of 107.5% year-over-year, with gross margin of 27.3%, an improvement of 690 basis points year-over-year. Gamer and creator peripherals segment gross profit was $189.7 million, an increase of 133.2% year-over-year. Gaming components and systems segment gross profit was $275.7 million, an increase of 92.9% year-over-year.
• Operating income was $158.4 million, an increase of 568.0% year-over-year.
• Adjusted operating income was $204.8 million, an increase of 211.4% year-over-year.
• Net income was $103.2 million, or $1.14 per diluted share, compared to net loss of $8.4 million in the same period a year ago, or $(0.11) per diluted share.
• Adjusted net income was $145.0 million, or $1.60 per diluted share, an increase of 427.0% year-over-year compared to adjusted net income of $27.5 million, or $0.35 per diluted share.
• Adjusted EBITDA was $213.0 million, an increase of 197.5% year-over-year, with adjusted EBITDA margin of 12.5%, an improvement of 600 basis points year-over-year.

>>28187367
TIL the German word for "max" is "max"

There was someone shilling it here a week ago at $38. I should've listened

Thank you /biz/. I bought 20 CALL $40 when it was at $36.

>>28192490

I did that. Im so surprised. I shilled this on forum when it was at $18. Few buyers. I shilled it here for a week, like ten buyers, some returned and thanked me.

At my vendor, ownership of CRSR has increased by 25% the last three days. Why cant people listen and buy lows instead? You have the chance to buy now. This is tripledigit before year is over.

>>28192490
I wasn't shilling I was honestly just trying to put some actual useful information in this page. Anon clued me on on FEAC last year and I wanted to pay it forward.

>lost all pre-market gains
every time

>>28192279
really? better than expected or is this in line with the good expectations that analysts already had

>>28192653
Corsair Bros for life!

>>28192653
Shill me some potential stocks, fren

>>28187367
corsair is third world shit

>>28192799
why do i never buy enough

>>28192855
Is there a good reason? Or are you pissed because you missed the train?

>>28192855
3rd world shit is a great long term investment have you been paying attention?

>>28192842
PSA for good dividends and exposure to the rising rental market.
>PCRFY for exposure to Lithium
UNP because railroad stronk

>company announces great Q4
>stock plummets 3%

WAHT THE FUCK?? is this people just flipping for a quick profit?

>>28194005
by the rumor, sell the news. smart money bought during the run up, taking profits now.

>>28194005

This is standard procedure. Just wait.

My CRSR leaps are getting crushed lol. Buying more

Do I buy now or would I end up holding the bags? I'm still new to the stock market and want to dump my money into something stable that will pay out in the long term.

>>28194005
Yes don't worry about it. Some profit taking is expected but it'll keep going up.

>>28194132

> smart money
> taking profits at $44

>>28194132
i got in on corsair at $40

but as a newbie, what's happened just seems counter-intuitive is all

Fuck this meme stock. Beats all estimates and still fucking dumps 4% on open. What the fuck?

>>28194233
This isn't a shitcoin penny stock pump and dump. This is a major brand name in a growing industry that released IPO last year and is coming off hot earnings releases. There are no bags. I'm buying the dip. Feel lucky that you have one last chance to get in under 45.

>>28194233
It's unlikely that you'll hold bags of you hold long enough (at least a year, or even better four years+)

>>28194400
>>28194562
How much more do you think it will dump? I'd rather buy the bottom today since I'm out a good bit with GME/AMC and would really like to make the most out of the rest of my disposable savings.

>>28194398

Study pattern last 30 days. There you go.

This is ez hold. ATH EOD.

Aaaaaaaa why did it dump?!

>get in at 47 off news of good quarter
>immediately drops
I'm carrying these bags a while I guess

Bought a little at 38 and kinda wanna buy more now.

>>28194965
Listen. This is some real life advice. Look up the difference between speculating and investing. Corsair is not a meme stock. It's a long term investment. If you hold this for a few years, and it goes to 70,80,90, are you going to worry about whether you bought at 42 or 44? And if you're day trading while asking this type of question, you should know that what you're doing is literally no different than betting on horses at the track. If you want to gamble that's fine but you should understand the path you're walking down, and where it leads.
>ALSO READ PICREL BEFORE YOU START BUYING INDIVIDUAL STOCKS FOR THE LOVE OF GOD.

>>28195015
This literally isn't going to go above 46 or 47 for a month. I'll be happy to be corrected, but it's not going to happen.

>>28196788
It went above 47 today already.

>>28195984
Thank you fren, I want to learn because I've been making good pay for awhile now and I've either just let it sit in my savings account or burn it on stupid things. I'd rather have it some where it can actually make me some returns. I just let myself get fomoed into gme

>>28194965

Pretty sure we found the bottom of the dip but I might be wrong. You really should take this advice: >>28195984
At the end of the run there won't be that much of a difference