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CLAR - Clarus: Debt Problem Solved With Precision Disposal
Clarus Corporation
2024-01-23 15:55:35 ET
Summary
Clarus Corporation has made a disposal of a more problematic division in terms of growth and ESG that put it on our radar as having possibly untapped value.
While the disposal was a good move and handles the company debt, and the residual businesses are interesting, there is a lacking value proposition.
If growth could improve in Black Diamond, possibly driven by an emerging DTC channel, that could help the Clarus Corporation case, but macro is a factor here.