Added to YB: 2025-09-02
Pitch date: 2025-08-31
CLW [bullish]
Clearwater Paper Corporation
-29.35%
current return
Author Info
Alessandro Vittoria is a deep value investor. Sign up for the newsletter.
Company Info
Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally.
Market Cap
$431.3M
Pitch Price
$21.23
Price Target
65.00 (+333%)
Dividend
N/A
EV/EBITDA
7.63
P/E
221.31
EV/Sales
0.70
Sector
Paper and Forest Products
Category
value
Buying Assets for 40¢ on the Dollar: My 20% Bet on CLW
CLW: 20% portfolio allocation in pure-play SBS paperboard producer trading 0.4x tangible book (~$21/share vs $47 TBV). Strong balance sheet w/ minimal debt until 2028, $500M liquidity. Cyclical downturn from 83% utilization vs healthy 90%+; mgmt targets $100M+ FCF normalized vs current ~breakeven. $100M buyback program (33% of market cap). Recent smart money buys from Towle & Southeastern. Risk: prolonged oversupply, commodity cost inflation.
Read full article (19 min)