Westshore update: the writing is on the wall

I first wrote up Westshore Terminals (Toronto: WTE) as a short in March last year. You can read the article here. The thesis was basically that this formerly-excellent coal-handling business would be structurally impaired once Teck Resources, a 60% customer, moved the bulk of their volumes to their own terminal, Neptune, from 2021; and that … Continue reading Westshore update: the writing is on the wall