Professional
Added to YB: 2025-07-24
Pitch date: 2025-07-16
CLAR [neutral]
Clarus Corporation
-0.68%
current return
Author Info
Laughing Water Capital is a boutique investment partnership. Our partners believe that careful analysis of a select group of businesses can lead to above average investment returns for equity investors. Our small size and patient approach give us an advantage that cannot be matched by traditional asset managers or hedge funds that are focused on the day to day gyrations of the stock market, rather than the fundamental value of businesses. 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
$141.7M
Pitch Price
$3.53
Price Target
11.00 (+213%)
Dividend
2.71%
Sector
Leisure Products
Category
special_situation
Laughing Water Capital Portfolio Holding: Clarus Corporation
CLAR (holding update): Outdoor gear co with Black Diamond & Rhino-Rack brands valued at 0.4x sales vs 1-2x industry M&A. Subscale but with strong brand value. Chairman Kanders (18% owner) has options vesting at $15-50, history of value creation. Recent PIEPS sale at 1.7x sales signals turnaround. Cash-rich, debt-free. Likely outcomes: operational reset then sale at ~$11/share (2x current).
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