Professional
Added to YB: 2024-11-06
Pitch date: 2024-10-31
CLAR [bullish]
Clarus Corporation
-17.71%
current return
Author Info
No bio for this author
Company Info
Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States, Australia, China, Austria, and internationally.
Market Cap
$122.1M
Pitch Price
$4.11
Price Target
15.00 (+344%)
Dividend
3.14%
EV/EBITDA
-36.35
P/E
-1.35
EV/Sales
0.43
Sector
Leisure Products
Category
value
Maran Partners Fund Portfolio Holding: Clarus Corporation
CLAR: EV ~$100M, owns brands worth $300-500M privately. Black Diamond & Rhino Rack/MAXTRAX each worth $150-250M. $10-15/sh implied vs $4 trading. $2/sh net cash by year-end. Weak outdoor industry, but strong brands positioned for reacceleration. Asymmetric opportunity due to forced selling by large holders.
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