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2025-04-02
New pitch - $WED.V
Logan’s Substack
Westaim (WED.V) - Transitioning From Sum of Parts HoldCo to OpCo Compounder
WED.V: Integrated insurance & asset mgmt platform trading at 1.1x TBV. Arena Investors (49% profit share) worth $500M-$1B by 2028, up from $23M book value. Ceres Life targeting 15-20% ROE. Management proven with 15.8% IRR since 2009. $100M buyback, 17%+ ROE potential. Risks: execution, scale, Arena performance.
2025-04-02
WED.V
Logan’s Substack
-1%
current return
Westaim (WED.V) - Transitioning From Sum of Parts HoldCo to OpCo Compounder
WED.V: Integrated insurance & asset mgmt platform trading at 1.1x TBV. Arena Investors (49% profit share) worth $500M-$1B by 2028, up from $23M book value. Ceres Life targeting 15-20% ROE. Management proven with 15.8% IRR since 2009. $100M buyback, 17%+ ROE potential. Risks: execution, scale, Arena performance.