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

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Comment by wrightonon Sep 20, 2003 4:10pm

535 Views

Post# 6439435

RE: Wrighton, can you post entire story please

Here it is, though I'm afraid it doesn't add much to the story - it was just a brief update. "WESTAIM $3.30, Toronto symbol WED, has moved up 30% in the last month, mainly due to talk that it is closing in on a deal to license its low-cost flat panel display technology to a major TV set maker. Even if the deal falls through, Westaim is still debt free, and had $1.08 a share in cash as of June 30, 2003. Westaim is a buy, but only for highly aggressive investors."

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