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Westaim Corp V.WED

Alternate Symbol(s):  WEDXF

The Westaim Corporation is a Canadian investment company specializing in providing long-term capital to businesses operating primarily within the global financial services industry. The Company invests, directly and indirectly, through acquisitions, joint ventures and other arrangements, with the objective of providing its shareholders with capital appreciation and real wealth preservation. Its strategy is to pursue investment opportunities with a focus towards the financial services industry and grow shareholder value over the long term. Its investments include significant interests in Arena and the Arena FINCOs. The Arena FINCOs are private companies which include specialty finance companies that primarily purchase fundamental-based, asset-oriented credit and other investments for their own account. Arena consists of two main business lines: Arena Investors and Arena Institutional Services (AIS). Arena Investors operates as an investment manager.


TSXV:WED - Post by User

Bullboard Posts
Post by lanaar2on Feb 05, 2012 9:22pm
547 Views
Post# 19492969

word of caution to LT investors

word of caution to LT investors

I work in surety for one of Jevco's competitor. I can tell you that Jevco does not always stick to good underwriting practices. This might lead to trouble down the road. In surety the last wave of bankruptcy was in the 1990s. For now we haven't seen much in terms of claims in surety but in the last few years we have been undercut by Jevco constantly offering lower rates and willing to take on higher risk exposure.

Just be cautious, follow construction activity for signs of trouble. I don't think the analysts covering the stock really know what is going on in the world of surety.

Bullboard Posts