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CRSR - Corsair Gaming: Don't Catch The Falling Knife
Corsair Gaming Inc.
We are not convinced that Corsair is capable of sustaining long-term solid revenue growth and meeting Wall Street's ambitious expectations.
CRSR is a low-margin business. Even modest increases in the cost of revenue or operating expenses can burn shareholder value. This risk is especially relevant in the current environment.
Low valuation is common across the industry, and CRSR trades at a higher price than Logitech, despite lower profitability.