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CSPR - Casper Sleep: Overlooked With The Potential To Inflect
Casper Sleep Inc.
Casper Sleep is considered a busted IPO and a stock that has historically lagged expectations. The market has mostly written it off.
Stock prices are about the future and Casper is guiding the street to positive second half 2021 Adj. EBITDA, which would be a compelling inflection point.
Industry demand is robust, with Tempur Sealy guiding Q2 FY 2021 sales growth of +60% to Q2 FY 2019. This strong demand coupled with operational improvement at Casper bodes well.