Brendan Rose
Long/short equity, CFA, micro-cap, small-cap

Clearfield: Nice Company, But About 1/3 As Nice As Investors Think

Clearfield (NASDAQ:CLFD) is a real nice company. They've enjoyed profitable growth in a tough industry by delivering products that small cable and Telco operators value. It's a genuine "success by targeting underserved markets" story. But investors have gone insane and slapped a 50 P/E and 6.5x P/Book on a 13% R...

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