Added to YB: 2024-07-01
Pitch date: 2024-07-01
CLMT [bullish]
Calumet, Inc.
+82.55%
current return
Author Info
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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
$16.10
Price Target
20.00 (-32%)
Dividend
N/A
EV/EBITDA
14.13
P/E
-66.57
EV/Sales
1.22
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Raging Bull Investments Stock Idea - Calumet Specialty Products Partners, L.P.
CLMT: Flat 2yr, Q1 fine. July C-Corp conversion catalyst; expect $20 re-rating on liquidity/investor base boost. Weak industry, bull case uncertain. Q2 likely uptrend. Opportunity cost concern, but potential for share price improvement post-conversion despite market ignoring positives.
Read full article (1 min)