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
TOP PICK
Believes the earnings next year will be roughly $5.25 and the stock will go to a new high. With $.30 a month in distribution, you should get almost 50% return from now to the end of 2007.
DON'T BUY
Sells and rent industrial equipment. A great company. Cyclical and tied to gold, construction, oil/gas. Has dropped nicely, but prefers others.
BUY
Provides heavy equipment. Earnings are growing very fast and could be $4.25 or $4.50.
BUY
Have very good contracts in the oil sands but also sells to mining and infrastructure building. Fairly cheap. Will probably make $4 in earnings this year.
BUY
A big supplier of trucks, shovels, large equipment to the oil sands. Also provide serving which is more profitable than the sales process.
BUY
Had been concerned about the volatility of some of their businesses, so had not bought the IPO. They have done a good job.
WEAK BUY
Their business is primarily supplying heavy equipment to mining/oil and gas, forestry and construction industry. The Sobey family owns 27% of it. 30% of their tour revenues are earned from servicing equipment they have sold. May be reaching the peak of its earnings potential.
COMMENT
Q: Compared with Strongco (SQAP.UN-T). A: Owns more Strongco right now. This stock has done extremely well and is now much more expensive versus Stronco which has not done much. Will probably trade at 11 X its earnings.
PAST TOP PICK
(A Top Pick Nov 29/05. Up 18%.) Thinks they will make $3 in earnings this year which is around 10 X earnings. Should continue to do well although the easy money has already been made.
BUY
Has more upside.
BUY
This company is in distributions of a wide variety of industrial equipment. Basically they are riding the back of the commodities boom of the oil fields and the mining. As long as that keeps up, this company will do terrific.
WEAK BUY
Distributor of heavy equipment. A pretty good business to be in. Not necessarily a suitable model for an income trust because it's not particularly stable.
HOLD
Earnings have gone up a lot and the multiples have expanded. Deals they will make $3.50 a share in 2006.
TOP PICK
Every year trusts do very well going into the RRSP season. Because of this, all 3 picks are income trusts. Earnings for the last 12 months is $2.75 a share. Think they have a good chance to make $3.50 next year which is 7 X earnings. 10% yield.
BUY
Involved in the oil sands through heavy machinery and trucks and the backlog is very long right now. Also into the mining sector which is very busy right now.
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