Exiting Position – Westshore Terminals Investment Corporation (TSX: WTE)
Published on 2026-02-26
Today, shortly before market close, we exited our position in Westshore Terminals Investment Corporation, selling our shares at a realized price of $32.90. Our decision is the result of a significant share price expansion on the part of WTE, moving the market price above a level which we would view as attractively valued.
We initially published our thesis on WTE in late May of 2025, citing the company as a stable, attractively valued, and one-of-a-kind asset for investors to include in their portfolio (link). Although we still believe in our original investment thesis wholeheartedly, we believe that shares have appreciated to a great enough extent that for the time being our capital is best deployed in other places. Price permitting, we would gladly reinvest in WTE for all of the reasons discussed in our initial report.
Our recommendation for WTE was made at $26.65 per share, and our position closed at $32.90 per share. Including the constant reinvestment of dividends, this made up for a 28.6% return or 40.1% on an annualized basis. We are very pleased with the returns we received and in a way are surprised at the pace with which they were delivered. Below is a summary of WTE’s share price performance over the past year, with red markers indicating where we entered and exited our position.
