So for full disclosure I have shares of TMWEF through an LLC I own.
Wanted to create a thread to discuss the investment merits of TMWEF vs PCL.
I've approxmiated the NAV of TMWEF is around 10 bucks/share. The current price is around 4.
On the contrary, there's a very compelling thesis to why PCL isn't such a great investment at these prices. I came up with an intrinsic value of around 35-40ish while this newsletter is a bit more bearish.