Stay Connected
Atlanta Black Star/Caribbean
CaribbeanNewsWorld

Montserrat’s Teenage Entrepreneur Launches Third Company

Posted byBy Megan Reed | Published on: CommentsComments (1)

Warren_Cassell_JrMontserrat’s 15-year-old entrepreneur and author Warren Cassell Jr has launched his third company, an investment holding firm named Abella Group LLC.

The company, primarily aimed at purchasing minority stakes in firms listed on the New York Stock Exchange, is also seeking to take advantage of a number of opportunities on the Jamaica and Trinidad and Tobago stock exchanges.

“There are several gems in the Caribbean stock markets and regional stock exchanges are significantly undervalued,” Cassell told the Jamaica Observer in an emailed response.

No stranger to the world of business, Cassell currently holds an investment portfolio comprising U.S. government bonds and shares in Sagicor Financial Corporation, Bank of Montserrat, in addition to 10 percent preferred shares in a legal publishing company, West Indian Lawyers.

Through this newly incorporated investment vehicle, the teenager hopes to dramatically expand his investment holdings by carefully leveraging external capital to deploy in a number of globally diverse sectors, including media, financial services, commercial banking, Internet, technology, and consumer goods.

“There is a particular company that I have been looking at on the Jamaica Stock Exchange that has been growing steadily over the last five years,” Cassell stated in a press release. “However, despite the impressive growth, the stock price has been dormant.”

In fact, the young entrepreneur explained that the market price for the company is 50 percent less than the actual value of the firm.

“This simply means that if I purchase a stake in that company, I’ll be getting it at a discount because the price that I will be buying the stock at is 50 percent less than what it is actually worth. It is no different from buying a house for $300,000 that is really worth $600,000,” the young entrepreneur added.

Read more at jamaicaobserver.com

Independent journalism still matters.

We hope this story was worth your time. For over 14 years, Atlanta Black Star has stayed Black-owned and independently run. We didn't get here by waiting on ad budgets that were never built to prioritize us. Our readers did that.

Corporate support for Black media has always been thin. Outlets like ours get roughly 1% of the $170 billion spent on U.S. advertising each year, and that margin is shrinking further as advertisers walk back the DEI-linked commitments they made in 2020. That's the backdrop. It's not why we're asking.

The wider picture isn't any steadier. Newspaper ad revenue has fallen more than 80% since 2005, and local newsrooms are closing at a rate of roughly two a week nationwide. When outlets go under, it's rarely the ones built to center a Black perspective from the ground up that get to stick around.

We know a request for support isn't why you came here. But without readers choosing to fund this work directly, the depth of reporting we can do at home and abroad shrinks along with everyone else's. If you're not in a position to give, that doesn't change how much we value you as a reader.

If you are able to, a recurring contribution does more for us than a single one-time gift, because it lets us plan the next investigation instead of just the next invoice. It takes about 30 seconds, no long form, no account. Thank you for continuing to support independent journalism and freedom of the press.

Give once Give monthly Support another way

Related Stories

Back to top