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The Two WORST Performing Stocks We've EVER Owned
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These are the two stocks we've lost the most money on in our investment portfolio.
Not too long ago we made a video revealing our entire $110,000 investment portfolio, where we broke down all of our investment accounts, the stocks and ETF’s we hold in each, and our goals for each portfolio. Some of those stocks have performed extremely well for us. Others, well, not so much. So in this video we'll be talking about the two WORST performing stocks we bought into, how much money we’ve lost, and if we plan on selling out of them or not.
ONE: Corsair Gaming (CRSR). Corsair gaming is in the tech space, more specifically the computers and gaming space. They develop both internal computer components and external peripherals, and have more recently gotten into the streaming sector. Corsair has a $2.4 billion market cap, which would put them in the mid-cap category. The forward P/E ratio for CRSR is 14.7. Their biggest competitor is Logitech (LOGI), with a forward PE of 19.3 on a $14.8 billion market cap.
Corsair has shown promising numbers in terms of their revenue growth and profit growth year over year, but their quarter over quarter graphs may show a slightly different story. Their peak revenue was in Q4 2020 (around $550 million) and has been in a decline over the past few quarters. They missed their last earnings by a little bit, and their margins have recently been negatively affected by increasing logistical costs from all the supply chain issues.
When it comes to the share price of Corsair, it’s down quite a bit from its all time high of $51 back in November of last year, being down almost 50%. It’s also had some trouble breaking over $34-35/share since March. One of the LARGEST reasons we think this is happening is due to EagleTree Capital. EagleTree Capital is the majority shareholder Corsair. According to Seeking Alpha, they own over 57% of the shares. They’ve also been consistently selling those shares, which has put a lot of downward pressure on the stock price.
We own 160 shares of CRSR at a cost basis of $32.69. We're down almost 20%.
TWO: Voyager Digital (VYGVF). Voyager digital is a cryptocurrency brokerage similar to Coinbase, but VYGVF is much smaller. To our knowledge they have the most alt coins available to be traded out of any crypto brokerage out there. And they keep adding coins. They have a currency of their own as well, VGX.
Voyager has been a growth machine. They currently have a market cap of $1.3 billion. Yahoo finance analysts expected this company to grow 14,000% in 2021 alone, and 217% next year. They've experienced a 35% user growth month over month, and have 22x’d their assets under management in under a year (which is probably why their stock is up over 1,300% over the last year). That being said, their stock has experienced a significant decrease in its share price from its all time high of $29 back in April. They’re down almost 70%. Which hasn’t been good for us because that’s around when we started buying.
We own 200 shares at a cost basis of $17.54. We're down close to 50%.
We love both CRSR and VYGVF and find their current stock pricing attractive, but will more than likely hold off on buying more shares (even though we want to) and focus our free cash on companies that are more established in the stock market.
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~~GEAR WE USE~~
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YouTube Library - Foundation
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Not too long ago we made a video revealing our entire $110,000 investment portfolio, where we broke down all of our investment accounts, the stocks and ETF’s we hold in each, and our goals for each portfolio. Some of those stocks have performed extremely well for us. Others, well, not so much. So in this video we'll be talking about the two WORST performing stocks we bought into, how much money we’ve lost, and if we plan on selling out of them or not.
ONE: Corsair Gaming (CRSR). Corsair gaming is in the tech space, more specifically the computers and gaming space. They develop both internal computer components and external peripherals, and have more recently gotten into the streaming sector. Corsair has a $2.4 billion market cap, which would put them in the mid-cap category. The forward P/E ratio for CRSR is 14.7. Their biggest competitor is Logitech (LOGI), with a forward PE of 19.3 on a $14.8 billion market cap.
Corsair has shown promising numbers in terms of their revenue growth and profit growth year over year, but their quarter over quarter graphs may show a slightly different story. Their peak revenue was in Q4 2020 (around $550 million) and has been in a decline over the past few quarters. They missed their last earnings by a little bit, and their margins have recently been negatively affected by increasing logistical costs from all the supply chain issues.
When it comes to the share price of Corsair, it’s down quite a bit from its all time high of $51 back in November of last year, being down almost 50%. It’s also had some trouble breaking over $34-35/share since March. One of the LARGEST reasons we think this is happening is due to EagleTree Capital. EagleTree Capital is the majority shareholder Corsair. According to Seeking Alpha, they own over 57% of the shares. They’ve also been consistently selling those shares, which has put a lot of downward pressure on the stock price.
We own 160 shares of CRSR at a cost basis of $32.69. We're down almost 20%.
TWO: Voyager Digital (VYGVF). Voyager digital is a cryptocurrency brokerage similar to Coinbase, but VYGVF is much smaller. To our knowledge they have the most alt coins available to be traded out of any crypto brokerage out there. And they keep adding coins. They have a currency of their own as well, VGX.
Voyager has been a growth machine. They currently have a market cap of $1.3 billion. Yahoo finance analysts expected this company to grow 14,000% in 2021 alone, and 217% next year. They've experienced a 35% user growth month over month, and have 22x’d their assets under management in under a year (which is probably why their stock is up over 1,300% over the last year). That being said, their stock has experienced a significant decrease in its share price from its all time high of $29 back in April. They’re down almost 70%. Which hasn’t been good for us because that’s around when we started buying.
We own 200 shares at a cost basis of $17.54. We're down close to 50%.
We love both CRSR and VYGVF and find their current stock pricing attractive, but will more than likely hold off on buying more shares (even though we want to) and focus our free cash on companies that are more established in the stock market.
-----------------------------------------------------------------------------------------------------------
~~GEAR WE USE~~
-----------------------------------------------------------------------------------------------------------
Outro Music Provided by:
YouTube Library - Foundation
----------------------------------------------------------------------------------------------
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