Clarus Corporation: Worst Is Over But Pain Remains [Seeking Alpha]
Clarus Corporation (CLAR)
NASDAQ:AMEX Investor Relations:
claruscorp.com
Company Research
Source: Seeking Alpha
The company has struggled to achieve consistency in its financial performance, with an imbalance of focus between brand/business optimization and new M&A we feel. Clarus has shown minimal margin improvement since FY18, despite revenue almost doubling, implying inherently weak operational capabilities. Clarus is underperforming its peers and the outlook appears worse with a lack of M&A to boost revenue. Clarus' valuation does not scream value in a world where the risk-free rate is ~5%. We suggest investors avoid this stock. Investment thesis Our current investment thesis is: Clarus ( NASDAQ: CLAR ) is underwhelming commercially. The company has all the foundational hallmarks for success, such as diversification, a global presence, broad expertise and capabilities, and soft industry tailwinds. Despite this, the focus has been on exploiting M&A, which has driven revenue but not necessarily in an accretive manner. Further, operational improvement has been lacking, implying a
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CLAR
News
- Clarus Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Clarus Reports First Quarter 2024 ResultsGlobeNewswire
- Clarus Announces $0.025 Per Share Quarterly DividendGlobeNewswire
- Clarus Sets First Quarter 2024 Conference Call for Thursday, May 2, 2024, at 5:00 p.m. ETGlobeNewswire
- Clarus Co. (NASDAQ: CLAR) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
CLAR
Earnings
- 5/2/24 - Beat
CLAR
Sec Filings
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/29/24 - Form ARS
- CLAR's page on the SEC website