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The Cobra is a predictable mid-range large diameter disc that is easy to grip. It is very beginner friendly with a long and useful lifespan. The Cobra is a great disc choice for long, slow turning shots and rollers. The thin rim is great for smaller hands and creates a clean predictable release.
Factory Seconds - Factory seconds are discs which during the quality control process post-production were deemed to have cosmetic flaws which affect the appearance or perceived quality of the disc, but which were not deemed to affect the flight characteristics of the disc (those discs are rejected entirely and destroyed).
Note: the image is of a regular Cobra and not a factory second.