I have now decided to buy, as I expect a very positive development in the next few years due to the planned acquisition of Fanatec.If this does not take place, I will get out again, as I do not expect the share to outperform.
It turned out to be a buy after all. Double bottom at 11.50$. Price/sales 0.92. Slight shareholder dilution, but still justifiable. EPS growth of 500% over the next 3 years, even if they only manage half that I would be satisfied.
Sometimes you have to cut the losers. A 50% drop requires a 100% gain to break even.The money will be invested in more fruitful endeavours.Corsair has long been a small position of mine. I especially didn’t like the large ownership from a PE firm. They’re known to drain companies.