Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

Westaim Corp (WED-X) has shown strong performance this year, with a significant increase in stock value and impressive Q3 results. The company's focus on providing long-term capital to businesses within the global financial services industry has resulted in solid earnings growth and beating analysts' expectations. Despite being a small cap with no dividend, WED is considered a good buy for more aggressive small cap accounts due to its resilience to economic and size risks.

Consensus
Positive
Valuation
Fair Value
RISKY
Westaim Corp
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

WED is a Canadian investment company, specializing in providing long-term capital to businesses operating primarily within the global financial services industry. WED has performed strongly this year, up 44.87% year-to-date and 50.6% over 52-weeks. Q3 results were solid with net profit at $23M, growing from a net loss in the year prior at ($16.7M). EPS beat analysts’ expectations of $0.14, coming in at $1.05. Earnings growth was driven by gains on its investment in Skyward Specialty. Revenue also beat forecasts of $21.17M, coming in at $24.8M. WED has been actively buying back shares, and so far, has acquired approximately 2.85M in common shares at a cost of $7.6M. AUM was $3.3B, slipping from $3.5B in the same period of the prior year. WED put together a solid Q3, showing resilience to economic and size risks. It is a small cap, and there is no dividend, but it is cheap and we would be OK buying it for more aggressive small cap accounts. 
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INDUSTRIAL PRODUCTS
PAST TOP PICK
Westaim Corp

(A Top Pick June 19/17. Down 5%.) The stock hasn’t done much. It is a really interesting company. They have a property/casualty insurance business and an asset management business. Both sides are in good shape and the outlook looks really good. If we get a hard insurance market, the returns on that side of the business will be quite good. On the asset management side, they’ve done a good job of growing their AUM. This is going to be a long-term position for him.

INDUSTRIAL PRODUCTS
TOP PICK
Westaim Corp

A bit of an under the radar company. They have two profitable and growing businesses. FFH-T just invested in them. They will have a large amount of cash to make acquisitions with. He would not be surprised if they split the two companies once they get big enough. (Analysts’ target: $4.50).

INDUSTRIAL PRODUCTS
COMMENT
Westaim Corp

Hasn’t checked this one out recently. This is just the stub that is left after the disposition of insurance assets. This stub was then down listed on to the Venture exchange. It is kind of empty except for a bit of cash which is probably equal to or better than the trading price. Have very interesting major shareholders.

INDUSTRIAL PRODUCTS
PAST TOP PICK
Westaim Corp

(A Top Pick Jan 27/12. Up 22.22%.)

INDUSTRIAL PRODUCTS
RISKY
Westaim Corp

Sold their holdings of Jevco Insurance and will eventually be trading on the Venture exchange. His question is “why would they bother, having sold off the operation, to list the stub on the Venture unless they were going to try to pump some new operation into it”. If they do this, you’ll see a couple of pennies rise again.

INDUSTRIAL PRODUCTS
PAST TOP PICK
Westaim Corp

(Top Pick Sept. 9/11, Up 54.00%)

INDUSTRIAL PRODUCTS
COMMENT
Westaim Corp
Their insurance segment is being taken out by Intact. What will be left? Trading at $0.73 but the takeout level is probably more towards $0.90. Thinks this is really the takeout of this company as he doesn't think there is anything left.
INDUSTRIAL PRODUCTS
TOP PICK
Westaim Corp
More conservative pick. They do nonstandard auto insurance. 2 years ago there was a big spike in claims in auto and motorcycle insurance. That has now gone through and there are now much better combined ratios.
INDUSTRIAL PRODUCTS
TOP PICK
Westaim Corp
Nonstandard automobile and motorcycle insurance. Debt-free and trading below book and breakup value. BV is $0.61. Have excess capital of $100 million. Have just put in place a $30 million buyback.
INDUSTRIAL PRODUCTS
PAST TOP PICK
Westaim Corp
(A Top Pick Feb 23/10. Up 1.67%.) Still likes.
INDUSTRIAL PRODUCTS
BUY
Westaim Corp
Acquired JEVCO, a high-risk automobiles/casualty insurance company. Trading at Book Value, good balance sheet, excellent management and a strong board. Pretty cheap here.
INDUSTRIAL PRODUCTS
BUY
Westaim Corp
Had no business and wound it down. Had tax laws carry-forwards, debt-free. Acquired JEVCO Insurance in March, which was Kingsway Financial (KFS-T) best asset. $.57 book value and will be earning money. Work in progress because they haven't had their 1st quarter as yet.
INDUSTRIAL PRODUCTS
TOP PICK
Westaim Corp
Huge base from late 07 until last fall. It is a little ahead of itself so a pull back would be a good buying opportunity.
INDUSTRIAL PRODUCTS
TOP PICK
Westaim Corp
Was Flat panel business but now is insurance. This was the dog of the century in the old days. It has motorcycles, skidoos and construction. Risky because of small market cap.
INDUSTRIAL PRODUCTS
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Westaim Corp(WED-X) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Westaim Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Westaim Corp(WED-X) Frequently Asked Questions

What is Westaim Corp stock symbol?

Westaim Corp is a Canadian stock, trading under the symbol WED-X on the TSX Venture Exchange (WED-CV). It is usually referred to as TSXV:WED or WED-X

Is Westaim Corp a buy or a sell?

In the last year, 1 stock analyst published opinions about WED-X. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Westaim Corp.

Is Westaim Corp a good investment or a top pick?

Westaim Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Westaim Corp.

Why is Westaim Corp stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Westaim Corp worth watching?

1 stock analyst on Stockchase covered Westaim Corp In the last year. It is a trending stock that is worth watching.

What is Westaim Corp stock price?

On 2024-02-20, Westaim Corp (WED-X) stock closed at a price of $3.59.