Professional
Added to YB: 2023-01-01
Pitch date: 2023-01-01
CLAR [bullish]
Clarus Corporation
-54.66%
current return
Author Info
Greenhaven Road is a boutique hedge fund with the patience and confidence to step outside of the norm. Visit their website.
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
$7.45
Price Target
N/A
Dividend
3.14%
EV/EBITDA
-36.35
P/E
-1.35
EV/Sales
0.43
Sector
Leisure Products
Category
value
Greenhaven Road New Position - Clarus Corp (CLAR)
CLAR: Outdoor gear maker at $300M mkt cap + $135M debt. Owns Black Diamond, Rhino Rack, others bought for $400M+. Expects $60M+ '23 EBITDA. Potential 3-4x upside on supply chain fix & multiple mean reversion. Suing fund for $2/share "short swing" profits on inadvertent 32% stake.
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