Professional
Added to YB: 2025-06-13
Pitch date: 2025-05-08
CLMT [neutral]
Calumet, Inc.
+146.56%
current return
Author Info
No bio for this author
Company Info
Calumet, Inc. manufactures, formulates, and markets a diversified slate of specialty branded products and renewable fuels to various consumer-facing and industrial markets in North America and internationally.
Market Cap
$2.5B
Pitch Price
$11.92
Price Target
N/A
Dividend
N/A
EV/EBITDA
14.13
P/E
-66.57
EV/Sales
1.22
Sector
Oil, Gas and Consumable Fuels
Category
value
Crossroads Capital Investment Portfolio Holding: Calumet, Inc.
CLMT sold: Sold in low 20s despite $30+ intrinsic value thesis due to management's poor communication & execution. Core thesis correct (non-core sales done, ATM unused). Mgt failed to articulate SAF premium value ($1.50-$2/gal). Maintaining call options for possible upside from EPA RVO changes (potentially $2.00/gal RD margins) or strategic sale.
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