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Westaim Corp V.WED

Alternate Symbol(s):  WEDXF

Financial Services Asset Management
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

Westaim Corp > Earnings out shortly....
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Comment by Tim2Agamion Nov 14, 2020 6:03pm
206 Views
Post# 31902015

RE:RE:RE:Earnings out shortly....

RE:RE:RE:Earnings out shortly....
Paddy902 wrote: touche!! Earnings not very impressive, BV heading in the wrong direction. This is one of my investments, where I am not really sure why I have it....ie what short term catalyst to I expect. There was some insider buying that I thought was positive....but no follow through.


I agree entirely with these observations, including "I am not really sure why I have it".

Although trading at a goodly discount to Book Value (which is perhaps one reason, and that it is in the financial services sector as another), that P to BV is stagnant, if not fading, and certainly not shining as a lone star beacon of hope from Houston.

(which recalls another observation from Jack Swigert on Appollo XIII that is probably relevant, even though its tense is often misquoted) 

If it is a turnaround situation, it has been suffering more than its fair share of short circuits, DC Main B bus undervolts and HIIGcups while tumbling through the ether. 


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