Bullish Case: CLW's consolidation efforts and acquisitions signal a strategic pivot for enhanced market presence and operational efficiency. Recent sales upticks, despite weather setbacks, show enduring demand in tissue and paperboard segments, indicating potential for increased profitability and market share gains.


Bearish Case: Despite recent strategic measures, ongoing global supply chain issues and potential industry oversaturation might constrain CLW's growth. Their heavy dependence on a few major customers and potential for rising input costs could undermine profit margins and stock performance.


Potential Outcomes:

1. Successful industry consolidation leads to 25% upside in share price (40%).

2. Renewal of key customer contracts boosts earnings significantly (30%).

3. Escalation of input costs slashes profit margins, resulting in a 15% stock decline (30%).


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May 01, 2024


Clearwater Paper Forecast

CLW        Clearwater Paper
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











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