Professional
Added to YB: 2024-01-30
Pitch date: 2024-01-30
CLAR [bullish]
Clarus Corporation
-43.06%
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
$5.97
Price Target
13.00 (+285%)
Dividend
3.14%
EV/EBITDA
-36.35
P/E
-1.35
EV/Sales
0.43
Sector
Leisure Products
Category
special_situation
Maran Capital top holdings: Clarus ($CLAR)
$CLAR selling Precision Sport for $175M, trumping $160M chairman offer. Invested $110M in '17-'20, 20%+ IRR. Closing Q2, $1.35-$1.50/sh net cash. $170M mkt cap undervalues Black Diamond & Rhino Rack growth potential for 2-3x upside. Catalysts: buybacks, HAP suit, analyst day revealing new mgmt & strategy.
Read full article (2 min)