Casper's market cap is now 305m. Almost as much money as they've raised. Huge bummer. I have buds trying to buy shorts and they can't because of how many people are also trying.
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Is Casper the “credit default swap” of the DTC generation?
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Bold claim to project it on the whole industry. Although
@brandless may be a better statement for the call. - 2 more replies
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Call me crazy, but I bought today. Their retail stores have solid rev per sq ft and believe they can trim some of that fat of their G&A to increase profits. It’s a flyer.
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I bought too. Management should initiate cost cutting by Q1...business isn’t sustainable as it is and they must’ve heard the market loud and clear. Q4 top line is likely to be impressive too.
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shot: Casper's current market cap is $455m chaser: Casper raised $455m of cash from investors
$355m in VC +
$100m at IPO
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Didn’t they do more than that in revenue last year?
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But Bill Gurley said startups are getting shortchanged in the IPO process. All of them are undervalued on Day 1 of listing. It’s almost as if the market doesn’t agree with Bill.
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It’s only a good bed if you sleep on it. No competitive durable advantage. Won’t be in business in 10 years. I only have 43 twitter follows and I even can figure this one out.
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