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CRSR Corsair Gaming
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13.730
+0.450+3.39% Close 12/08 16:00 ET
13.700-0.030-0.22%
Post 17:30 ET
13.915High13.310Low616.61KVolume
13.360Open13.280Pre Close8.48MTurnover1.42%Turnover Ratio124.82P/E (TTM)1.41BMarket Cap20.72052wk HighLossP/E (Static)102.98MShares11.45152wk Low2.18P/B596.85MFloat Cap51.370Historical High--Dividend TTM43.47MShs Float10.960Historical Low--Div YieldTTM4.56%Amplitude13.751Avg Price1Lot Size
Full Hours
- 5D
- 1D
- 1W
- 1M
- 1Q
- 1Y
About Corsair Gaming Company
Corsair Gaming, Inc. designs and supplies hardware components for personal computers. It operates through the Gamer and Creator Peripherals, and Gaming Components and Systems segments. The Gamer and Creator Peripherals segment offers gaming keyboards, mice, headsets, controllers, and gaming gear including capture cards, Stream Decks, USB microphones, studio accessories, and EpocCam software, as well as coaching and training services. The Gaming Components and Systems segment focuses on creating power supply units, or PSUs, cooling solutions, computer cases, DRAM modules, prebuilt, and custom-built gaming PCs. The company was founded by Andrew J. Paul in 1994 and is headquartered in Milpitas, CA.
Revenue Breakdown
Business
Currency:USD
2022/12/31
Stock NameRevenueRatio
Gaming Components and Systems937.28M68.16%
Gamer and Creator Peripherals437.82M31.84%
News
Implied Volatility Surging for On Corsair Gaming (CRSR) Stock Options
Corsair Gaming to Present at 2023 Barclays Global Technology Conference
PDF Version MILPITAS, Calif.--(BUSINESS WIRE)--Nov. 29, 2023-- Corsair Gaming, Inc. (Nasdaq: CRSR) ("Corsair" or the "Company"), a leading global provider and innovator of high-performance gear for
Corsair Gaming to Present at 2023 UBS Global Technology Conference
PDF Version MILPITAS, Calif.--(BUSINESS WIRE)--Nov. 16, 2023-- Corsair Gaming, Inc. (Nasdaq: CRSR) ("Corsair" or the "Company"), a leading global provider and innovator of high-performance gear for
Comments
Analysts are more negative about Corsair Gaming after latest results, shown by a decrease in next year's earnings per share predictions. Despite this, the company is anticipated to grow significantly faster than its industry.
Corsair Gaming, Inc. Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest Forecasts
4 consecutive days of gain!
S&P 500 was up again! It has gained 4 straight days in a row - probably due to more weaker than expected economic data
Seems the market wants to end the month on a high note.
Will this be a case of pumping it up into Sep, and then dumping in later? Well, let’s try not to predict the movement. Watch how the market moves, and move along with it
$Tesla(TSLA.US$$SPDR S&P 500 ETF(SPY.US$$S&P 500 Index(.SPX.US$ $TENCENT(00700.HK$$Invesco QQQ Trust(QQQ.US$$ProShares UltraPro QQQ ETF(TQQQ.US$$ProShares UltraPro Short QQQ ETF(SQQQ.US$$Johnson & Johnson(JNJ.US$$Advanced Micro Devices(AMD.US$$NVIDIA(NVDA.US$$Alphabet-A(GOOGL.US$$Meta Platforms(META.US$$Microsoft(MSFT.US$$Apple(AAPL.US$$JPMorgan(JPM.US$$Netflix(NFLX.US$$Adobe(ADBE.US$$Salesforce(CRM.US$$Palantir(PLTR.US$$Grab Holdings(GRAB.US$$Sea(SE.US$$Visa(V.US$$PayPal(PYPL.US$$MasterCard(MA.US$$SPDR Dow Jones Industrial Average Trust(DIA.US$$Corsair Gaming(CRSR.US$$USD(USDindex.FX$$Opendoor Technologies(OPEN.US$$CrowdStrike(CRWD.US$
Seems the market wants to end the month on a high note.
Will this be a case of pumping it up into Sep, and then dumping in later? Well, let’s try not to predict the movement. Watch how the market moves, and move along with it
$Tesla(TSLA.US$$SPDR S&P 500 ETF(SPY.US$$S&P 500 Index(.SPX.US$ $TENCENT(00700.HK$$Invesco QQQ Trust(QQQ.US$$ProShares UltraPro QQQ ETF(TQQQ.US$$ProShares UltraPro Short QQQ ETF(SQQQ.US$$Johnson & Johnson(JNJ.US$$Advanced Micro Devices(AMD.US$$NVIDIA(NVDA.US$$Alphabet-A(GOOGL.US$$Meta Platforms(META.US$$Microsoft(MSFT.US$$Apple(AAPL.US$$JPMorgan(JPM.US$$Netflix(NFLX.US$$Adobe(ADBE.US$$Salesforce(CRM.US$$Palantir(PLTR.US$$Grab Holdings(GRAB.US$$Sea(SE.US$$Visa(V.US$$PayPal(PYPL.US$$MasterCard(MA.US$$SPDR Dow Jones Industrial Average Trust(DIA.US$$Corsair Gaming(CRSR.US$$USD(USDindex.FX$$Opendoor Technologies(OPEN.US$$CrowdStrike(CRWD.US$
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Redound
Market rebounded on Monday, driven by chips and tech stocks. Is the pullback over? Nobody truly knows.
Regardless, I think the latest pullback has been healthy. In fact, it’s almost insignificant in the grand scheme of things, considering we have rallied for 6-7 months this year.
$SPDR S&P 500 ETF(SPY.US$$S&P 500 Index(.SPX.US$$Invesco QQQ Trust(QQQ.US$$Tesla(TSLA.US$$Apple(AAPL.US$$NVIDIA(NVDA.US$$Advanced Micro Devices(AMD.US$$Alphabet-A(GOOGL.US$$Alphabet-C(GOOG.US$$Microsoft(MSFT.US$$Netflix(NFLX.US$$Amazon(AMZN.US$$Netflix(NFLX.US$$Roku Inc(ROKU.US$$E-mini Dow Futures(DEC3)(YMmain.US$$E-mini S&P 500 Futures(DEC3)(ESmain.US$$Crude Oil Futures(JAN4)(CLmain.US$$GlobalFoundries(GFS.US$$Snowflake(SNOW.US$$ARK Innovation ETF(ARKK.US$$Tuttle Capital Short Innovation ETF(SARK.US$$XPeng(XPEV.US$$Rivian Automotive(RIVN.US$$HP Inc(HPQ.US$$Intel(INTC.US$$Lululemon Athletica(LULU.US$$Nike(NKE.US$$Bank of America(BAC.US$$Citigroup(C.US$$Vanguard S&P 500 ETF(VOO.US$$Snowflake(SNOW.US$$Advanced Micro Devices(AMD.US$$Walmart(WMT.US$$Corsair Gaming(CRSR.US$$GlaxoSmithKline(GSK.US$
Regardless, I think the latest pullback has been healthy. In fact, it’s almost insignificant in the grand scheme of things, considering we have rallied for 6-7 months this year.
$SPDR S&P 500 ETF(SPY.US$$S&P 500 Index(.SPX.US$$Invesco QQQ Trust(QQQ.US$$Tesla(TSLA.US$$Apple(AAPL.US$$NVIDIA(NVDA.US$$Advanced Micro Devices(AMD.US$$Alphabet-A(GOOGL.US$$Alphabet-C(GOOG.US$$Microsoft(MSFT.US$$Netflix(NFLX.US$$Amazon(AMZN.US$$Netflix(NFLX.US$$Roku Inc(ROKU.US$$E-mini Dow Futures(DEC3)(YMmain.US$$E-mini S&P 500 Futures(DEC3)(ESmain.US$$Crude Oil Futures(JAN4)(CLmain.US$$GlobalFoundries(GFS.US$$Snowflake(SNOW.US$$ARK Innovation ETF(ARKK.US$$Tuttle Capital Short Innovation ETF(SARK.US$$XPeng(XPEV.US$$Rivian Automotive(RIVN.US$$HP Inc(HPQ.US$$Intel(INTC.US$$Lululemon Athletica(LULU.US$$Nike(NKE.US$$Bank of America(BAC.US$$Citigroup(C.US$$Vanguard S&P 500 ETF(VOO.US$$Snowflake(SNOW.US$$Advanced Micro Devices(AMD.US$$Walmart(WMT.US$$Corsair Gaming(CRSR.US$$GlaxoSmithKline(GSK.US$
From YouTube
Fed decision looms
Investors and traders are expecting a 25 basis points hike - so this shouldn’t come in as a surprise if Powell announces that.
The market will be more interested in the tone of Powell, whether is it hawkish or dovish, and also if there’s will be another rate hike after this month.
I think Powell will say they are “data dependent” again.
$SPDR S&P 500 ETF(SPY.US$$S&P 500 Index(.SPX.US$$Tesla(TSLA.US$$Invesco QQQ Trust(QQQ.US$$Apple(AAPL.US$$JPMorgan(JPM.US$$NASDAQ 100 Index(.NDX.US$$Amazon(AMZN.US$$Alphabet-A(GOOGL.US$$Microsoft(MSFT.US$$Netflix(NFLX.US$$Dow Jones Industrial Average(.DJI.US$$3M(MMM.US$$Starbucks(SBUX.US$$Snap Inc(SNAP.US$$Spotify Technology(SPOT.US$$Salesforce(CRM.US$$ARK Innovation ETF(ARKK.US$$Palantir(PLTR.US$$Meta Platforms(META.US$$Coca-Cola(KO.US$$GlobalFoundries(GFS.US$$Snowflake(SNOW.US$$SPDR Gold ETF(GLD.US$$ProShares Ultra VIX Short-Term Futures ETF(UVXY.US$$Walmart(WMT.US$$Target(TGT.US$$Upstart(UPST.US$$Peloton Interactive(PTON.US$$Corsair Gaming(CRSR.US$$AMC Entertainment(AMC.US$
The market will be more interested in the tone of Powell, whether is it hawkish or dovish, and also if there’s will be another rate hike after this month.
I think Powell will say they are “data dependent” again.
$SPDR S&P 500 ETF(SPY.US$$S&P 500 Index(.SPX.US$$Tesla(TSLA.US$$Invesco QQQ Trust(QQQ.US$$Apple(AAPL.US$$JPMorgan(JPM.US$$NASDAQ 100 Index(.NDX.US$$Amazon(AMZN.US$$Alphabet-A(GOOGL.US$$Microsoft(MSFT.US$$Netflix(NFLX.US$$Dow Jones Industrial Average(.DJI.US$$3M(MMM.US$$Starbucks(SBUX.US$$Snap Inc(SNAP.US$$Spotify Technology(SPOT.US$$Salesforce(CRM.US$$ARK Innovation ETF(ARKK.US$$Palantir(PLTR.US$$Meta Platforms(META.US$$Coca-Cola(KO.US$$GlobalFoundries(GFS.US$$Snowflake(SNOW.US$$SPDR Gold ETF(GLD.US$$ProShares Ultra VIX Short-Term Futures ETF(UVXY.US$$Walmart(WMT.US$$Target(TGT.US$$Upstart(UPST.US$$Peloton Interactive(PTON.US$$Corsair Gaming(CRSR.US$$AMC Entertainment(AMC.US$
From YouTube
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Opex
The major indices are on its way to end the week with a loss. Dow Jones and S&P500 are on track to clock their worst weekly performance since last month.
Friday is Opex day. Investors can expect some wild swings here and there. And you wouldn’t want to be on the heavier boat, be it bear or bull.
$SPDR S&P 500 ETF(SPY.US$$S&P 500 Index(.SPX.US$$Invesco QQQ Trust(QQQ.US$$Tesla(TSLA.US$$Apple(AAPL.US$$Alphabet-A(GOOGL.US$$NVIDIA(NVDA.US$$Meta Platforms(META.US$$Amazon(AMZN.US$$Advanced Micro Devices(AMD.US$$Taiwan Semiconductor(TSM.US$$Grab Holdings(GRAB.US$$Sea(SE.US$$Netflix(NFLX.US$$Adobe(ADBE.US$$DocuSign(DOCU.US$$Disney(DIS.US$$iShares 20+ Year Treasury Bond ETF(TLT.US$$U.S. 10-Year Treasury Notes Yield(US10Y.BD$$iShares 20+ Year Treasury Bond ETF(TLT.US$$CBOE Volatility S&P 500 Index(.VIX.US$$Snowflake(SNOW.US$$Vanguard S&P 500 ETF(VOO.US$$Tuttle Capital Short Innovation ETF(SARK.US$$Corsair Gaming(CRSR.US$
Friday is Opex day. Investors can expect some wild swings here and there. And you wouldn’t want to be on the heavier boat, be it bear or bull.
$SPDR S&P 500 ETF(SPY.US$$S&P 500 Index(.SPX.US$$Invesco QQQ Trust(QQQ.US$$Tesla(TSLA.US$$Apple(AAPL.US$$Alphabet-A(GOOGL.US$$NVIDIA(NVDA.US$$Meta Platforms(META.US$$Amazon(AMZN.US$$Advanced Micro Devices(AMD.US$$Taiwan Semiconductor(TSM.US$$Grab Holdings(GRAB.US$$Sea(SE.US$$Netflix(NFLX.US$$Adobe(ADBE.US$$DocuSign(DOCU.US$$Disney(DIS.US$$iShares 20+ Year Treasury Bond ETF(TLT.US$$U.S. 10-Year Treasury Notes Yield(US10Y.BD$$iShares 20+ Year Treasury Bond ETF(TLT.US$$CBOE Volatility S&P 500 Index(.VIX.US$$Snowflake(SNOW.US$$Vanguard S&P 500 ETF(VOO.US$$Tuttle Capital Short Innovation ETF(SARK.US$$Corsair Gaming(CRSR.US$
4
Fortune Favors the Brave BAHAHA na but really though
$Corsair Gaming(CRSR.US$
been expecting and waiting for this rebound, loving it!
been expecting and waiting for this rebound, loving it!
ColumnsWeekly Insider Money Tracking: Massive Insider Trade At Corsair Gaming and Constellation Brands
1 | Below is a look at the top insider trades with the biggest value in the past week.
Eagle Tree Partners IV Ultimate GP, LLC, 10% owner, MAJOROS GEORGE L. Jr., Director, Anup Bagaria, Director at $Corsair Gaming(CRSR.US$, reported large insider buy this week, according to a new SEC filing.
Abigail J Bennett, on November 14, 2022, sold 1,233,334 shares in Constellation Brands (STZ) for $294,840,826.
$Constellation Brands(STZ.US$ 10%+ Owne...
Eagle Tree Partners IV Ultimate GP, LLC, 10% owner, MAJOROS GEORGE L. Jr., Director, Anup Bagaria, Director at $Corsair Gaming(CRSR.US$, reported large insider buy this week, according to a new SEC filing.
Abigail J Bennett, on November 14, 2022, sold 1,233,334 shares in Constellation Brands (STZ) for $294,840,826.
$Constellation Brands(STZ.US$ 10%+ Owne...
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Great Economy with plenty of opportunities.
There are many ways in this strong economy to fight the inflation, such as joining the K-pop (*1), buying cryptocurrencies such as BTC, ETH, DOGE and even trading stock options (*2).
Amidst the recent selloff, there are still plenty of opportunities available to Mooers. In this article, we shall look into some of these opportunities found in certain sectors that rise against the odds.
1. BK2047 Solar ( $Solar(BK2047.US$ )
With solar energy as one of...
Amidst the recent selloff, there are still plenty of opportunities available to Mooers. In this article, we shall look into some of these opportunities found in certain sectors that rise against the odds.
1. BK2047 Solar ( $Solar(BK2047.US$ )With solar energy as one of...
8
1
ColumnsToday's pre-market stock movers: SIGA, PHG, VERU, AZN and more
Gainers:
In reaction to earnings/guidance:
• $RPM International(RPM.US$ +1.3%, $Southside Bancshares(SBSI.US$ +1%,$Vodafone(VOD.US$ +0.7%
Other news:
• $SIGA Technologies(SIGA.US$ +27.6% (World Health Organization decided that the global monkeypox outbreak represents a public health emergency of international concern)
• $Infrastructure & Energy Alternatives(IEA.US$ +24.5% (MasTec (MTZ) will acquire outstanding shares of IEA in a...
In reaction to earnings/guidance:
• $RPM International(RPM.US$ +1.3%, $Southside Bancshares(SBSI.US$ +1%,$Vodafone(VOD.US$ +0.7%
Other news:
• $SIGA Technologies(SIGA.US$ +27.6% (World Health Organization decided that the global monkeypox outbreak represents a public health emergency of international concern)
• $Infrastructure & Energy Alternatives(IEA.US$ +24.5% (MasTec (MTZ) will acquire outstanding shares of IEA in a...
22
4
ColumnsToday's pre-market stock movers: SNAP, VZ, TWTR, AXP and more
Gainers:
In reaction to earnings/guidance:
• $Tenet Healthcare(THC.US$ +13.2%,$HCA Healthcare(HCA.US$ +12.5%,$Vicor(VICR.US$ +8.2%,$First BanCorp(FBP.US$ +7.2%,$Bank OZK(OZK.US$ +5.1%,$American Express(AXP.US$ +4.4%,$First Financial Bancorp(FFBC.US$ +3.7%,$Autoliv(ALV.US$ +2.9%,$UFP Industries(UFPI.US$ + 2.7%,$Schlumberger(SLB.US$ +2.2%,$NextEra Energy Partners LP(NEP.US$ +2%,$Scholastic Corp(SCHL.US$ +1.8%
News:
• $Hanger(HNGR.US$ +24.8% (t...
In reaction to earnings/guidance:
• $Tenet Healthcare(THC.US$ +13.2%,$HCA Healthcare(HCA.US$ +12.5%,$Vicor(VICR.US$ +8.2%,$First BanCorp(FBP.US$ +7.2%,$Bank OZK(OZK.US$ +5.1%,$American Express(AXP.US$ +4.4%,$First Financial Bancorp(FFBC.US$ +3.7%,$Autoliv(ALV.US$ +2.9%,$UFP Industries(UFPI.US$ + 2.7%,$Schlumberger(SLB.US$ +2.2%,$NextEra Energy Partners LP(NEP.US$ +2%,$Scholastic Corp(SCHL.US$ +1.8%
News:
• $Hanger(HNGR.US$ +24.8% (t...
9
ColumnsToday's pre-market stock movers: GPS, JD, LI, SIVB and more
Gainers：
• $A10 Networks(ATEN.US$ +10.6% (to join S&P SmallCap 600)
• $SVB Financial(SIVB.US$ +8.9% （earnings report）
• $Revance Therapeutics(RVNC.US$ +8.9% (FDA accepts BLA resubmission for DaxibotulinumtoxinA for Injection)
• $UFP Industries(UFPI.US$ +5.9% (also increases dividend)
• $JD.com(JD.US$ +3.8% (weighing payment of special cash dividend)
• $Establishment Labs(ESTA.US$ +3.4% (Presentation of 2-Year Results from Motiva US...
• $A10 Networks(ATEN.US$ +10.6% (to join S&P SmallCap 600)
• $SVB Financial(SIVB.US$ +8.9% （earnings report）
• $Revance Therapeutics(RVNC.US$ +8.9% (FDA accepts BLA resubmission for DaxibotulinumtoxinA for Injection)
• $UFP Industries(UFPI.US$ +5.9% (also increases dividend)
• $JD.com(JD.US$ +3.8% (weighing payment of special cash dividend)
• $Establishment Labs(ESTA.US$ +3.4% (Presentation of 2-Year Results from Motiva US...
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$Palantir(PLTR.US$$Corsair Gaming(CRSR.US$ small caps still sinking. Large caps still rising. Getting tiring
2
watching this one got a tip from a you tuber
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$Corsair Gaming(CRSR.US$
I personally think CRSR is near the bottom and it had alot of downward momentum in 2021 with supply chain issues eating away at margins, retail hype dying down, interest rate increases (which for some reason shouldn't hurt a company like CRSR too much but yet got impacted), eagle tree, small caps being decimated, tax loss harvesting and the large run up in 2020 and early 2021 which led to a big rug pull.
With an estimated 2023 PE ratio of 12.83 at current prices this is looking like a good play. I think supply chain issues will eventually get resolved in 2022 resulting in better margins atleast. If this goes down even more due to the Fed meeting I may just enter a posiiton myself.
I personally think CRSR is near the bottom and it had alot of downward momentum in 2021 with supply chain issues eating away at margins, retail hype dying down, interest rate increases (which for some reason shouldn't hurt a company like CRSR too much but yet got impacted), eagle tree, small caps being decimated, tax loss harvesting and the large run up in 2020 and early 2021 which led to a big rug pull.
With an estimated 2023 PE ratio of 12.83 at current prices this is looking like a good play. I think supply chain issues will eventually get resolved in 2022 resulting in better margins atleast. If this goes down even more due to the Fed meeting I may just enter a posiiton myself.
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$Corsair Gaming(CRSR.US$
CRSR wont grow until they enter the office market. Logitech is huge because they have home, office and gaming lines. PC gaming is a growing market but its still a small market.
Ive owned CRSR since IPO, sold last November and it gave me a down payment on my house. I will be forever greatful. But as of right now its a dead stock.
CRSR wont grow until they enter the office market. Logitech is huge because they have home, office and gaming lines. PC gaming is a growing market but its still a small market.
Ive owned CRSR since IPO, sold last November and it gave me a down payment on my house. I will be forever greatful. But as of right now its a dead stock.
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2
$Corsair Gaming(CRSR.US$ My theory for Corsair is that
1.There's a backlog of demand due to supply issues (a lot of stuff on their site is sold out)
2.As gaming goes more and more mainstream, the boundary between work equipment and play equipment will start to elide (wouldn't you rather have a decent keyboard, camera, and microphone for your office setup?)
3.If they can think of ways to become more of a software company (they've stated this is a priority) then they become less like Logitech and more like Apple
1.There's a backlog of demand due to supply issues (a lot of stuff on their site is sold out)
2.As gaming goes more and more mainstream, the boundary between work equipment and play equipment will start to elide (wouldn't you rather have a decent keyboard, camera, and microphone for your office setup?)
3.If they can think of ways to become more of a software company (they've stated this is a priority) then they become less like Logitech and more like Apple
14
Activison and crsr good time to jump in?
$Activision Blizzard(ATVI.US$$Corsair Gaming(CRSR.US$
Both companies are doing well finically and have been best down pretty much both 52week lows. Volume on the stocks are low aswell i bellow any kind of volume change it can push up quick. Atvi has finished green last 5 days. And Atvi supposed to announce stock buyback here soon I think now is the time to jump in.
Both companies are doing well finically and have been best down pretty much both 52week lows. Volume on the stocks are low aswell i bellow any kind of volume change it can push up quick. Atvi has finished green last 5 days. And Atvi supposed to announce stock buyback here soon I think now is the time to jump in.
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Razor’s delisting is a disappointment
1. Tan Ming-Liang and Lim Kailing are offering HK$2.82 per share in a bid to delist $Razer Inc.(01337.HK$
2. Razer was listed in 2017 at an IPO price of HK$3.88. This will not go well with some shareholders who have bought at higher prices than the offer price.
3. The insiders shouldn't be blamed since the market determines the share prices. Investors should know the risk of stock investing - there's no guaranteed profits.
4. But a delisting offer timed at a point where the share price is below the IPO price will appear to be opportunistic. I believe shareholders would prefer the stock remain listed such that there's a chance share prices can go up in the future.
5. Some may complain that Tan in 2020 received US$10.457m in compensation (US$9.871m was in shares). This was more than the US$805k net profit generated by Razer. He was reportedly looking to buy a GCB in Jul 2021 at a price tag of S$52.8m. Some shareholders may feel they got the shorter end of the stick while the insiders benefited.
6. I have no issue with such compensation as I think the performance made him well deserved for the reward. He took the risk to start the business and managed to grow it to a US$1b revenue business and turn it profitable. Revenue grew at 33% CAGR in the past 5 years. I just don't like the delisting offer.
7. One of the consequences of being a publicly listed company means you have one more stakeholder to answer to - the public shareholders. They may not understand the insiders' situation and will only look after their own benefits, who doesn't? Such seemingly 'low-ball' delisting may leave a bad taste for these investors.
8. Razer contemplated to list in the US because they believe that they would get a higher valuation. Firstly, most of their revenue were generated in the US and the US market has a deep and wide investor base. Secondly, it has lots of liquidity due to QE and inflating Razer's share price shouldn't be a problem.
9. But it would be a slap on Razer shareholders' face if Razer delist and relist in the US at a higher price.
10. Competitor $Corsair Gaming(CRSR.US$ is trading at PE 17x and PS 1x. Razer is trading at PE 49x and PS 2x. $Logitech International(LOGI.US$ at PE 14x and PS 2x. So it seems like Razer's offer isn't that bad as it is already the most 'expensive' among the 3 players. Shareholders don't think this way. They will compare the offer price against the price they bought and feel unfair if the offer price is lower.
11. It would be better if they just keep the company listed and continue to focus on the business. Leave the share price to the markets. No good reasons were given for the delisting offer. I find it disappointing and expect better from a well-respected entrepreneur of a popular consumer brand. It looks opportunistic with this offer.
12. Shareholders will vote on the offer and need 75% to approve it and not more than 10% against it during the meeting. I am not sure how the shareholders are taking this. I'm not a shareholder.
2. Razer was listed in 2017 at an IPO price of HK$3.88. This will not go well with some shareholders who have bought at higher prices than the offer price.
3. The insiders shouldn't be blamed since the market determines the share prices. Investors should know the risk of stock investing - there's no guaranteed profits.
4. But a delisting offer timed at a point where the share price is below the IPO price will appear to be opportunistic. I believe shareholders would prefer the stock remain listed such that there's a chance share prices can go up in the future.
5. Some may complain that Tan in 2020 received US$10.457m in compensation (US$9.871m was in shares). This was more than the US$805k net profit generated by Razer. He was reportedly looking to buy a GCB in Jul 2021 at a price tag of S$52.8m. Some shareholders may feel they got the shorter end of the stick while the insiders benefited.
6. I have no issue with such compensation as I think the performance made him well deserved for the reward. He took the risk to start the business and managed to grow it to a US$1b revenue business and turn it profitable. Revenue grew at 33% CAGR in the past 5 years. I just don't like the delisting offer.
7. One of the consequences of being a publicly listed company means you have one more stakeholder to answer to - the public shareholders. They may not understand the insiders' situation and will only look after their own benefits, who doesn't? Such seemingly 'low-ball' delisting may leave a bad taste for these investors.
8. Razer contemplated to list in the US because they believe that they would get a higher valuation. Firstly, most of their revenue were generated in the US and the US market has a deep and wide investor base. Secondly, it has lots of liquidity due to QE and inflating Razer's share price shouldn't be a problem.
9. But it would be a slap on Razer shareholders' face if Razer delist and relist in the US at a higher price.
10. Competitor $Corsair Gaming(CRSR.US$ is trading at PE 17x and PS 1x. Razer is trading at PE 49x and PS 2x. $Logitech International(LOGI.US$ at PE 14x and PS 2x. So it seems like Razer's offer isn't that bad as it is already the most 'expensive' among the 3 players. Shareholders don't think this way. They will compare the offer price against the price they bought and feel unfair if the offer price is lower.
11. It would be better if they just keep the company listed and continue to focus on the business. Leave the share price to the markets. No good reasons were given for the delisting offer. I find it disappointing and expect better from a well-respected entrepreneur of a popular consumer brand. It looks opportunistic with this offer.
12. Shareholders will vote on the offer and need 75% to approve it and not more than 10% against it during the meeting. I am not sure how the shareholders are taking this. I'm not a shareholder.
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Crazy how close the major indexes are to ATHs and how many of my holdings are cratering into or near 52 week lows ( $DraftKings(DKNG.US$ , $Disney(DIS.US$ , $Corsair Gaming(CRSR.US$ , $Palantir(PLTR.US$ , $SoFi Technologies(SOFI.US$ , etc). If the markets start to seriously dip, how much further will growth stocks go?
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