Wild That So Few Are Following Jason Wild
Wild That So Few Are Following Jason Wild
A Spotlight on the Terrascend Chairman and CEO of JW Asset Management
As a value investor, I love spotting value where others don’t see it, and let me tell you, Jason Wild is undervalued. Jason is the Chairman of Terrascend (Canada: TER, OTC: TRSSF) and the CEO of JW Asset Management. He is in the midst of compiling one of the great investment track records of recent memory, up an astonishing 25% per year over twenty years.
So, why despite his active presence on Twitter does he have less than 1,700 followers? I’m not sure, but such a deep undervaluation by the FinTwit community seems unlikely to last.
As the below linked recent Barrons interview shares, while Jason Wild manages $1.5 billion, it wasn’t always that way. He actually only started with $80,000. Consider his first private equity investment returned something like 150 times in two years. He has owned Amazon for the last eight years and the reason for my discovery of Jason was that he was an early and active investor in cannabis.
He is now the chairman of Terrascend (TRSSF), which is up an astonishing 500%+ this year. I wrote up how I missed Terrascend as My big miss of 2020. Note that after I wrote this, he tweeted this at me:
And you know what? He was right. The stock proceeded to go up another 50% after his tweet. He has been right about so many things that I’m amazed more people don’t pay attention to everything he says (I’m guessing they soon will as Jason was recently interviewed in Barrons).
I’ve shared and written about how I think Cannabis is the new SaaS, and one of my largest holdings is AYR Strategies (Canada: AYR, OTC: AYRWF).
So imagine my surprise when some account on Twitter wonders who is buying AYR in large blocks and Jason tweets that he is the one who was buying AYR in size on Monday, January 4th:
At the time I saw this tweet, only 55 people had liked it after 3 hours. But even now there are only 82 likes. How is this possible? I’m not sure I’ve ever seen a Chairman of a different company tweet out that they are buying a competitor’s stock before, not to mention a money manager of any decent size, say over $1 billion, confirm that they were buying a stock. And this is at all-time highs. (I would like to mention at this point that in my humble opinion, AYR is quite cheap at 6 times 2022 cash flow estimate.)
Not all value investments are stocks, some investments are following and learning from the best in the business. Jason Wild of JW Asset Management is undervalued and is worth a follow. His twitter handle is @JasonGWild. And here is the best part, next week I’m interviewing him and will be sharing that interview in a future post. And I’m wildly excited about it.