Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Is Clarus Corp (CLAR) an Asymmetric Stock?

Investment management company Maran Capital Management recently released its second-quarter 2024 investor letter. A copy of the letter can be downloaded here. Maran Partners Fund returned +4.4% in the second quarter, net of all fees and expenses, which makes the yearly returns +7.9%, net. The partnership compounded at a rate greater than 13% annually, net, over the past five years. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2024.

Maran Capital Management highlighted stocks like Clarus Corporation (NASDAQ:CLAR), in the second quarter 2024 investor letter. Clarus Corporation (NASDAQ:CLAR) develops and manufactures outdoor equipment and lifestyle products. The one-month return of Clarus Corporation (NASDAQ:CLAR) was 0.67%, and its shares lost 39.15% of their value over the last 52 weeks. On September 13, 2024, Clarus Corporation (NASDAQ:CLAR) stock closed at $4.5000 per share with a market capitalization of $172.63 million.

Maran Capital Management stated the following regarding Clarus Corporation (NASDAQ:CLAR) in its Q2 2024 investor letter:

“I have discussed Clarus Corporation (NASDAQ:CLAR) at length in recent letters. While the consumer remains weak, Clarus is working to strengthen its brands with new hires, reduced SKUs, and improved structural margins. Some of these things will take time to show up in the numbers.

The stock remains cheap relative to the private market value of its brands. Given its net cash balance sheet ($1.50+ per share by year-end on a $5 stock) and healthy free cash flow generation (it should generate cash this year despite the challenging industry backdrop), I think the stock is asymmetric and our risk of permanent capital loss is limited. Looking out three years, I think there is less than $1 per share of downside and plus or minus $10 per share of upside.”

A hiker in a forest with a backpack of outdoor equipment highlighting the company’s lifestyle products.

Clarus Corporation (NASDAQ:CLAR) is not on our list of 31 Most Popular Stocks Among Hedge Funds. As per our database, 10 hedge fund portfolios held Clarus Corporation (NASDAQ:CLAR) at the end of the second quarter which was 13 in the previous quarter. Clarus Corporation’s (NASDAQ:CLAR) second-quarter revenue of $56.5 million, fell short of its projected range of $58 million to $62 million. However, the company’s first-half 2024 revenue of $125.8 million remains aligned with its initial forecast of $125 million. While we acknowledge the potential of Clarus Corporation (NASDAQ:CLAR) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

In another article, we discussed Clarus Corporation (NASDAQ:CLAR) and shared Maran Capital Management’s views on the company. In addition, please check out our hedge fund investor letters Q2 2024 page for more investor letters from hedge funds and other leading investors.

READ NEXT: Michael Burry Is Selling These Stocks and A New Dawn Is Coming to US Stocks.

Disclosure: None. This article is originally published at Insider Monkey.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 70%.

For a ridiculously low price of just $29, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee:  If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

 

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $29.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a year later!

Meet the company that could save the green energy revolution

This emerging clean energy company aims to gain a competitive global benefit from controlling one of the BEST HPQ silica sand districts in this world!

Expectations of lower interest rates and long-term demand for clean energy could create tremendous near-term growth in the clean energy space. This shines the spotlight on an under-the-radar company.

This is a growing small-cap company poised to become a pioneering force in the high-purity HPQ silica industry!

Did you know that HPQ silica is a key component in the clean energy revolution? It is used in many solutions in the energy and tech sectors.

Click to continue reading…