Today, we revisit The Westaim Corp., an insurance- and finance-focused investment company.
On April 3, Westaim announced Fairfax Financial Holdings Ltd. would invest up to $100-million in the firm. The stock jumped more than 10 per cent on the day of the news.
What caught our eye was director Peter Puccetti buying after news. Between April 6 and 7, he spent $3.6-million buying Westaim stock on an indirect ownership basis. Mr. Puccetti is the third-largest insider equity holder at the company with 1.59 per cent of shares outstanding.
Disclaimer: Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Graph Footnote: Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.