Professional
Added to YB: 2024-09-26
Pitch date: 2024-09-25
WED.V [bullish]
The Westaim Corporation
+18.23%
current return
Author Info
ToffCap are full-time fund managers finding undervalued opportunities and a reason why the price should (start to) move in the right direction. Sign up for their 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 380.7M
Pitch Price
CAD 3.95
Price Target
N/A
Dividend
N/A
Sector
Capital Markets
Category
value
Westaim Corporation: Cash-Rich, Shareholder-Friendly, and Poised for Growth
WED.V: $370M cash on $380M market cap after Skyward sale. Arena investment inflecting. Low risk w/ cash balance, more monetization coming, mgmt aims to return cash to shareholders. Ongoing share buybacks. Strong downside protection w/ upside potential.
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