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

AgJunction Inc (AJX.TO)

0.74

-0.00 (0.00%)

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

24 watching

TOP PICK

GPS in agriculture equipment. Very fast growing company. Growing revenues about 40% in the current quarter. Think they will do $75-$80 million in revenues this year and $10 million in earnings in 2012. If you back out the cash, it is a $55 million market cap enterprise value.

TOP PICK

GPS on tractors so they can sow in straight lines. Business is very, very strong. Earnings come out this week. He would be buying ahead of the announcement.

WAIT

They have a history of missing guidance and the price has always dropped afterwords. They had problems spending money at the wrong time. They had this massive buildup in inventories but this has fallen back nicely. If it breaks $70-75 Million, next year, you could see a turnaround in this name.

BUY

GPS guidance equipment for farmers so they can do more precision farming. Basically an after market player as their equipment can go on existing equipment. Seem to have come through their problems and are doing better but hope they’ll do better in managing inventory, etc. Underlying theme is good. Worthwhile name to play in the agriculture space.

STRONG BUY

One way to play agriculture. Positive change in the demand for their GPS products. Demand is really strong right now. Expecting Dec/10 quarter results to be very strong and you want to own the stock ahead of that.

BUY

Sell GPS devices for farm machinery. We are currently in a very strong agricultural cycle

TOP PICK

Just had record 3rd quarter revenues of $13 million up from $9 million last year. Introducing a lot of new products. $8 million in cash. Looks good but they have to make money.

COMMENT

Mostly after market GPS player for farmers. Based on his bullish outlook for agriculture, there will probably be more use for their product. Last couple of quarters they've had to work on lower margin, higher priced products so this is the last quarter that should be impacted. Too a liquid for him and he would rather have a larger player.

HOLD

Recent quarterly results were not very good. Built up quite a bit of inventory and hopefully they will be able to sell it. Very clean balance sheet.

BUY

Bought in December. They had had a brutal quarter. Good turnaround candidate. They have to get the revenues up to do it. Will take a little while to turn.

DON'T BUY

This company is tied to agriculture and is quite sympathetic to grain prices. They have been strong over the last couple of years but then came off sharply in January and this stock came off in sympathy to that. This stock is more likely to get a boost from the ‘January Effect’ after which it eases off. He thinks it will take a while. It is a niche-oriented company. There was a lot of hype and then the trough of disillusionment. It’ll take a while.

BUY

They have a lot of inventory on the shelves. It may not age very well, but he doesn’t think it will be a problem. They are at a 10 year low. They are in a key sector. They have a good track record. They have to turn themselves around relatively quickly (2-3 years)and he thinks they have a chance of doing it.

PAST TOP PICK

(A Top Pick Nov 7/07. Down 54.8%.) GPS devices for tractors. Sold holdings in 2008. Some concerns as to whether farmers would have enough cash.

HOLD

Navigation equipment for farmers. Very fine company and thinks there is good hope for it. Interesting long-term hold.

BUY

GPS products for tractors etc. Fair bit of insider buying lately. Fallen back substantially along with the market. Outlook for their end products is quite strong. You may need patience.

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