CLW - Clearwater Paper: A Reduction In Commodity Prices Started The Turnaround

• Sales have been stagnant after the specialty mills divestment in 2015, but were partially recovered during the coronavirus pandemic crisis.
• This has allowed the company to deleverage its balance sheet, thus bringing down net interest expenses and freeing up resources to invest in growth.
• Furthermore, the company has improved its profitability, thanks to lower commodity prices and cash generation is very strong.
• Still, shares are trading at 46.22% lower prices from all-time highs.
• This represents a good opportunity to acquire shares at relatively low prices.

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