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Mattress

CSPR Long IdeaCasper Mattress Company has just recently IPO'd and has had a less than ideal kickoff to their share price performance. However, Casper is filling a niche spot in the market being that they can ship their product directly to your door in a package that is easy to transport around the house until you wish to unravel it in a bedroom. I think we can all share some memories of our childhoods helping our parents or siblings to try to stuff a twin or double sized mattress up a winding staircase or through a hallway and into a bedroom. Casper has eased the difficulty and simplified the installation process while also providing a comfortable and very well reviewed product using memory foam technology. The company has been doing big spending in 2019 towards advertising and expects to see roughly a %20+ growth to their sales moving forward through 2020. Pre-IPO the company received a $1B valuation in what is roughly a $14B market. Once some more buyers step in and recent gaps are filled, we may see a run towards higher fib levels and possibly even onto newer highs. If price starts to slide again and stay below the $10 level, then we may be able to expect some continued selling until a new bottom is discovered. Thoughts? Trade your own plan, this is just an idea.
CLong
by Acitsilos
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