Added to YB: 2025-09-02
Pitch date: 2025-08-31
CLW [bullish]
Clearwater Paper Corporation
-15.69%
current return
Author Info
Alessandro Vittoria is a deep value investor. Sign up for the newsletter.
Company Info
Clearwater Paper Corporation manufactures and supplies bleached paperboards in the United States and internationally.
Market Cap
$291.1M
Pitch Price
$21.23
Price Target
65.00 (+263%)
Dividend
N/A
EV/EBITDA
5.92
P/E
-3.94
EV/Sales
0.39
Sector
Paper and Forest Products
Category
value
Buying Assets for 40¢ on the Dollar: My 20% Bet on CLW
CLW: 20% portfolio allocation in pure-play SBS paperboard producer trading 0.4x tangible book (~$21/share vs $47 TBV). Strong balance sheet w/ minimal debt until 2028, $500M liquidity. Cyclical downturn from 83% utilization vs healthy 90%+; mgmt targets $100M+ FCF normalized vs current ~breakeven. $100M buyback program (33% of market cap). Recent smart money buys from Towle & Southeastern. Risk: prolonged oversupply, commodity cost inflation.
Read full article (19 min)