AgJunction Inc (AJX.TO) Buy, Sell or Hold

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AgJunction Inc (AJX.TO)

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0.74

-0.00 (0.00%)

as of Dec 8, 2021, 5:07:34 pm Market Open.

24 watching

TOP PICK

Probably pretty fairly valued right and $.81. Company has disappointed investors frequently. Last year had record revenues but still lost money. They need to figure out how to improve margins. Environment right now is very good as farmers have had excellent incomes over the last couple of years and can afford the product. They need to figure out how to sell into that market for a more consistent profit.

TOP PICK

Had record revenues in the last quarter, which is normally their weaker quarter. No debt and about $10 million in the bank. Target price is $3.49.

PAST TOP PICK

(A Top Pick March 17/11. Down 35.25%.) Provides GPS to the agriculture sector. As this sector fell off, the sentiment declined. Stock is now starting to rebound. Would be a buyer here.

PAST TOP PICK

(Top Pick Mar 17/11, Down 22.35%) Fundamentals changed so he got out. He had believed the AG cycle would last longer than it did.

PAST TOP PICK

(Top Pick Nov 11/10, Down 37%) Over promised and under delivered. In fall numbers looked better, but they continue to loose money. Likes the space and he bought back in.

TOP PICK

(A Top Pick Nov 11/10. Down 25.6%.) Bought at $.72 and sold at $1.19. Then bought it back. They were overpromising and under delivering. Just reported best 3rd quarter revenues ever but they continue to lose money. Wants to see them have black ink for an extended period of time. Tremendous potential.

DON'T BUY

In the spring he had thought that the agriculture sector would have been stronger for longer. He has exited the bulk of his position. Incredibly cheap, but wouldn't buy for this reason.

PAST TOP PICK

(A Top Pick Nov 11/10. Down 38.61%.) Sold his holdings when they came out with horrendous numbers in March. Numbers seemed to turn quite a bit so he bought back in at $0.66. Volume today doubled and he assumes a big block traded hands. His target is $3.

BUY

Recent quarter was strong but probably wasn't as strong as he would've liked. He is bullish on agriculture. Have a lot of growth overseas in Australia and Asian markets. Expect demand for their products will increase.

WAIT

Insider Buying: He does look for insider buying and looks to see that management owns a fair piece of the company and if they are still buying it is a double boost. He does not like seeing a lot of options for management. In his partner’s portfolio but he would want to wait a bit. He wants to see it cheaper before he buys in.

COMMENT

Interesting chart in that every time it drops down, it holds at about $1. People are waiting for some new developments. It looks pretty good. There is a bit of a wedge forming so when it breaks out, he would be looking for $2. Treat the $1 as an exit point.

BUY

One of the larger positions in his funds. Likes agriculture. A market leader in their GPS equipment. Have some fantastic agreements here, Europe and Australia. Thanks the earning power is greater than in the past agricultural cycle.

WATCH

Make GPS systems for tractors to make sure seed rows are super accurate as well as good tilling and fertilizing. Now moving towards OEM in China as well as after market in N.A. Expected to earn $0.04 in 2011 and $0.12 in 2012. Historically has had difficulty getting traction. Thinks this company will benefit from strong prices in agriculture.

TOP PICK

GPS for agriculture. Very cheap. 40% revenue growth last quarter. Significant earnings growth. Thinks it can get to $2.50-$3.

COMMENT

Bought towards the end of 2009. Thought it had tremendous potential, and it still could. Most recent results showed record revenues but also had a loss of about $3.8 million. Management has over promised and under delivered many time is the past so he sold his holdings. If they can do what they promised in the next 6 months, it should go up. His target price was $3.24.

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AgJunction Inc (AJX.TO)