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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 ticktalkeron Jan 22, 2004 8:43am
516 Views
Post# 6933642

IT Manager's Journal

IT Manager's Journalhttps://management.itmanagersjournal.com/management/04/01/22/0832226.shtml?tid=103&tid=85 WEDX WEDX has moved up nearly 50 cents on Tuesday to trade at around the $3.80 level. There was no news of a deal over the long weekend, but I still suspect a deal with a partner is imminent (DNP is one possibility; Sanyo or Sony are two others.) If a partner, such as DNP, buys an equity stake (5% was an earlier "whisper number"; now I'm hearing 1% to 2%), then this should set a value for the WEDX stock price. Taking a back-of-the-envelope look at valuation, Westaim's iFire division could be worth about $4.60-ish USD right now, plus on top of that there is the rest of the company. So that could give some sense of where the stock price could go on news of a deal -- possibly somewhere in the $5 to $5.50 range.
Bullboard Posts