WTE CN

Westshore Terminals Investment Corp

Industrial/Transportation


Presented:12/18/2019
Price:CA$18.52
Cap:$0.99B
Current Price:CA$24.28
Cap:$1.20B

Presented

Date12/18/2019
PriceCA$18.52
Market Cap$0.99B
Ent Value$1.25B
P/E Ratio9.21x
Book ValueCA$10.17
Div Yield3.46%
Shares O/S66.70M
Ave Daily Vol220,940
Short IntN/A

Current

PriceCA$24.28
Market Cap$1.20B
Westshore Terminals Investment Corp. operates as a holding company, which is engaged in the coal storage and loading terminal business. The company was founded in 1970 and is headquartered in Vancouver, Canada.

Publicly traded companies mentioned herein: Canadian National Railway Corp (CNR CN), Teck Resources ltd (TECK), Westshore Terminals Investment Corp (WTE CN)

Highlights

The presenter is short shares of Westshore Terminal Investment Corp (WTE CN), as some of its key customers are showing signs of financial distress brought on by secular and cyclical challenges in the coal industry. As the market begins to take into account these changes in WTE’s customer base he thinks that over the next year there is ~50% downside in the stock, which would imply a target price of C$9.25, the stock currently trades at ~C$18.50. 

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Idea Discussion

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