Professional
Added to YB: 2024-09-06
Pitch date: 2024-09-05
WED.V [neutral]
The Westaim Corporation
+11.15%
current return
Author Info
Special Situation Investments focuses on event-driven trades and low risk arbitrage opportunities with short term catalysts. Sign up for the newsletter.
Company Info
The Westaim Corporation is a private equity firm specializing in direct and indirect investments through acquisitions, joint ventures, secondary investments both direct and indirect, fund of fund investments, and other arrangements.
Market Cap
CAD 431.8M
Pitch Price
CAD 23.40
Price Target
N/A
Dividend
N/A
EV/EBITDA
2.35
P/E
-26.39
EV/Sales
-1.22
Sector
Capital Markets
Category
value
Westaim Corporation: Unlocking Value Amidst a Holdco Discount
WED.V (interesting, but narrow margin of safety): Holdco trading at 20% discount to SOTP. SKWD stake + cash nearly equals market cap. Arena (51% stake) & FINCOs ($153M) free. Arena worth est. $90M. Buybacks accelerating. Risks: limited upside, vague capital return plans, no insider buying, low FINCO visibility.
Read full article (2 min)