TSE:WJX

Wajax Corp (WJX.TO)

29.90
-0.45 (1.48%)
as of Jun 5, 2026, 8:00:00 pm Market Open.
125 watching
0
DON'T BUY
Looked at it a lot. Structurally, the core business can be a bit of a tough one. It is one of a number of high dividend stocks that have disproportionately benefited because investors are so frustrated with yields. He sees it in power trusts and REITs. It has gotten a bit ahead of itself. There is no risk to the dividend and in fact it increased about a month ago.
HOLD
In rentals that are used in construction, forestry and industrial. They have mobile equipment and do servicing work. They are aiming to pay out about 75% of their earnings. Thinks they can increase their dividend in 2012. About 50% exposure to Western Canada.
HOLD
Pretty steady Eddie company. Not overly glamorous but has a very nice dividend of 5.4%.
BUY
(Market Call Minute) Great execution. Boring company.
BUY ON WEAKNESS
Tethered to the strength in the Canadian industrial sector in mining and energy. 6.4% dividend. Good balance sheet.
BUY
Equipment distribution. Has dropped off because of concerns of heightened competition from US players moving in. A large part of this is overdone and more than reflected in the stock price. Good dividend.
HOLD
Down because of correctional bear market. The unfortunate news for this one is that one of its distribution businesses is in jeopardy. It is being taken out. It means $.50 off the earnings. But it is brilliantly run and will revive itself again.
HOLD
Very well managed company. Benefiting a lot from the build out in the materials, energy, etc., which they are a major supplier to.
HOLD
Distribution will be held close to current levels once they convert to a corporation. Wants to wait on new purchases until he researches it more.
HOLD
Supplies a lot of equipment to the mining industry, oil sands and anywhere there is major construction. Very well managed.
HOLD
Equipment and construction material and will be helped by the trend in infrastructure building.
BUY
10% yield, which will likely be cut by as much as 40% when they convert but expect this has been built into the price. Has been looking at this one. Reasonably priced.
WATCH
Rents equipment for construction, forestry, natural gas, etc. Outlook is still a bit uncertain. A recovery in natural gas prices and more activity around the oil sands could make it a buy. On his radar list.
DON'T BUY
Have conflicting issues. Very much involved in the construction cycle. Will be a beneficiary of infrastructure spending when and if it ever starts. Cyclical business and will recover with the cycle. You need a pick-up in construction that uses heavy equipment.
COMMENT
Distribution cut reflected weakness in their core areas. Had been enjoying good revenues out of Alberta but this is slowed dramatically. Forestry sector is also weak.
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