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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (30519)	6/20/2017 8:00:11 AM
From: Goose94	Read Replies (1) of 203329

Westaim (WED-V) top pick from Veeral Khatri on BNN.ca Market Call Monday June 19th @ 1300ET Westaim has two businesses: 1) a specialty P&C insurance business (HIIG) and 2) an asset management and specialty finance business (Arena). Both businesses are profitable and growing, and with the recently announced $600 million strategic investment by Fairfax, that growth will be accelerated. Part of that investment will be made through preferred shares and warrants, which will give Westaim ample cash to source accretive acquisitions. Fairfax will also be investing directly with the asset management business, which will double its AUM and boost its profitability. We think the shares are cheap at 1.1x book value, while other specialty insurers trade at 1.6x or higher. We wouldn't be surprised if at some point Westaim splits apart the two businesses as separate public companies to unlock value.

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