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Casper: This Senseless Dip Should Be Bought

Oct. 03, 2021 4:02 PM ETCasper Sleep Inc. (CSPR)17 Comments
Gary Alexander profile picture
Gary Alexander


  • Shares of Casper have fallen more than 70% from peaks and are trading near all-time lows.
  • Casper’s current market cap of ~$175 million is barely more than a quarter’s worth of revenue.
  • Pessimism in the stock has built up after the company delayed its breakeven expectations until 2022.
  • With strong gross margins and consistent growth, however, this is just a minor blip in a longer-term bullish thesis.
  • I do much more than just articles at Daily Tech Download: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

Casper Celebrates In LA

Rachel Murray/Getty Images Entertainment

In my view, the market correction that has happened over the past several weeks has been far from irrational. With stocks having appreciated so quickly over the past two years, it’s only a small wonder that investors are

Data by YCharts

Adjusted EBITDA expectations

Casper Q2 investor presentation

Casper TAM

Casper Q2 investor presentation

Casper Q2 results

Casper Q2 investor presentation

Casper sales drivers

Casper Q2 investor presentation

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This article was written by

Gary Alexander profile picture
With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha since 2017. He has been quoted in many web publications and his articles are syndicated to company pages in popular trading apps like Robinhood.

Analyst’s Disclosure: I/we have a beneficial long position in the shares of CSPR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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