Westaim

[Packer16]

Has anyone looked at this name.  It appears Goodwood is going to provide investment for a 2% mgmt fee.  Does Goodwood have a good management record to more than overcome the 2% fee?  TIA.

 

Packer

[ubuy2wron]

Goodwood are pretty credible value guys from all I have seen.

[omagh]

http://www.goodwoodfunds.com/investinfo.htm

http://www.goodwoodfunds.com/pics/gwdfund_mo_perf.gif

Has anyone looked at this name.  It appears Goodwood is going to provide investment for a 2% mgmt fee.  Does Goodwood have a good management record to more than overcome the 2% fee?  TIA.

 

Packer

[Hoodlum]

It is a very low volume stock.  I picked up some earlier this year at .25 and sold half last month at .36   It is taking some time to deploy their cash (they missed out on some opportunities in March).

[Hoodlum]

The assets of Nucryst (75% owned by Westaim) will be sold to Smith-nephew for $21US.  After this transaction is completed Westaim will have $40M+ in cash.  They also have significant tax losses that can be carried forward and tax credits, as well as some ABCP and real estate.  They have no debt.

 

http://money.cnn.com/news/newsfeeds/articles/prnewswire/200911101915PR_NEWS_USPR_____TO445.htm