Wajax Corp | StockChase
92
Wajax Corp (WJX-T)

Last Price Recorded: $23.0600 on 2017-12-15

ON STOCKCHASE SINCE Jun 2005

merchandising/lodging
92
Wajax Corp (WJX-T)

Last Price Recorded: $23.0600 on 2017-12-15

ON STOCKCHASE SINCE Jun 2005

merchandising/lodging

Wajax Corp


Signal Opinion Expert
BUY
Wajax Corp(WJX-T) 

December 15, 2017

They cut their dividend, but he sees this as pretty safe with a 60% payout ratio. He models 45% EPS growth. Their balance sheet has gotten much better. The cycle is just starting to come on with equipment makers, and is trading at about a 6-point discount to Finning. Trades at about 13.8X with Finning at around 19X.

merchandising/lodging

They cut their dividend, but he sees this as pretty safe with a 60% payout ratio. He models 45% EPS growth. Their balance sheet has gotten much better. The cycle is just starting to come on with equipment makers, and is trading at about a 6-point discount to Finning. Trades at about 13.8X with Finning at around 19X.

merchandising/lodging
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$23.060
Owned Owned
Unknown

TOP PICK
Wajax Corp(WJX-T) 

February 17, 2017

They have three divisions. Industrial components, power systems and equipment.  They have had a huge run up based on earnings.  They report in a couple of weeks.  It may be necessary to sell after that.

merchandising/lodging

They have three divisions. Industrial components, power systems and equipment.  They have had a huge run up based on earnings.  They report in a couple of weeks.  It may be necessary to sell after that.

merchandising/lodging
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$23.700
Owned Owned
Yes

SHORT
Wajax Corp(WJX-T) 

October 20, 2016

They are adamant they cannot cut the dividend.  He thinks they should because the cash flow does not cover it.  It is not on his list of safe dividend payers.  He is short this stock.

merchandising/lodging

They are adamant they cannot cut the dividend.  He thinks they should because the cash flow does not cover it.  It is not on his list of safe dividend payers.  He is short this stock.

merchandising/lodging
James Hodgins

Chief Investment Officer, Curvature Hedge Stra...

PricePrice
$15.050
Owned Owned
Yes

WATCH
Wajax Corp(WJX-T) 

August 18, 2016

This is a really volatile space.  He likes TCK.B-T instead.  On a short term basis it came right up to the break down level.  It is at the bottom of a previous trading band.  We are right at support here.

merchandising/lodging

This is a really volatile space.  He likes TCK.B-T instead.  On a short term basis it came right up to the break down level.  It is at the bottom of a previous trading band.  We are right at support here.

merchandising/lodging
Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc....

PricePrice
$15.160
Owned Owned
No

SPECULATIVE BUY
Wajax Corp(WJX-T) 

June 17, 2016

(Market Call Minute.) Interesting company at this price. Have been doing tremendous cost cutting. At a level right now where it is starting to look very interesting again if you are patient.

merchandising/lodging

(Market Call Minute.) Interesting company at this price. Have been doing tremendous cost cutting. At a level right now where it is starting to look very interesting again if you are patient.

merchandising/lodging
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$15.160
Owned Owned
Unknown

DON'T BUY
Wajax Corp(WJX-T) 

June 18, 2015

Just came to market and raised about $75 million to repay debt and get their debt level into better form. They are focusing on cost cutting and organic growth opportunities. They’re in a tough spot. 50% of their sales are to mines, oil sands, etc. They were down 7% in the market today and he doesn’t know what the news was. It’s not one that he would be buying here yet.

merchandising/lodging

Just came to market and raised about $75 million to repay debt and get their debt level into better form. They are focusing on cost cutting and organic growth opportunities. They’re in a tough spot. 50% of their sales are to mines, oil sands, etc. They were down 7% in the market today and he doesn’t know what the news was. It’s not one that he would be buying here yet.

merchandising/lodging
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$20.860
Owned Owned
Unknown

COMMENT
Wajax Corp(WJX-T) 

February 26, 2015

Yield on this is pretty high and because of their debt position, they are likely to be cutting it at some point. They are related to the oil sector, so that is probably going to soften their earnings.

merchandising/lodging

Yield on this is pretty high and because of their debt position, they are likely to be cutting it at some point. They are related to the oil sector, so that is probably going to soften their earnings.

merchandising/lodging
Douglas Kee

Chief Investment Officer, Leon Frazer & Associ...

PricePrice
$26.000
Owned Owned
No

SPECULATIVE BUY
Wajax Corp(WJX-T) 

January 30, 2015

Trading at 6.4X versus 11.4, its five-year average, so it is cheap. Have just restructured, so that is complete and it can derive cost savings. Its debt to EBITDA is pretty low at 2.1, well below its debt covenants. What is sad is the weak outlook for oil and gas, and for miners. The payout is very generous. This is worth a shot for somebody who doesn’t mind taking a little bit of a risk.

merchandising/lodging

Trading at 6.4X versus 11.4, its five-year average, so it is cheap. Have just restructured, so that is complete and it can derive cost savings. Its debt to EBITDA is pretty low at 2.1, well below its debt covenants. What is sad is the weak outlook for oil and gas, and for miners. The payout is very generous. This is worth a shot for somebody who doesn’t mind taking a little bit of a risk.

merchandising/lodging
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$24.250
Owned Owned
Unknown

COMMENT
Wajax Corp(WJX-T) 

October 23, 2014

Have about a 12% backlog, and it is up 12% year-over-year, which is encouraging. Cautious outlook, but he does model a 2014 payout ratio of 90%, so the 6% dividend is going to be pretty safe, at least for this year. 18% of their revenue is tied to oil and gas, so they are not too levered. This is a name that you can buy at $33-$35.

merchandising/lodging

Have about a 12% backlog, and it is up 12% year-over-year, which is encouraging. Cautious outlook, but he does model a 2014 payout ratio of 90%, so the 6% dividend is going to be pretty safe, at least for this year. 18% of their revenue is tied to oil and gas, so they are not too levered. This is a name that you can buy at $33-$35.

merchandising/lodging
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$35.780
Owned Owned
Unknown

COMMENT
Wajax Corp(WJX-T) 

September 19, 2014

Has a payout ratio that he thinks will be at 90% of 2014 and 70% for 2015. Debt levels are becoming more reasonable. Backlog was up 12% year over year as of last quarter. They are reducing their spending, trying to boost their margins and are trying to grow organically. He has been Buying at $34-$35.

merchandising/lodging

Has a payout ratio that he thinks will be at 90% of 2014 and 70% for 2015. Debt levels are becoming more reasonable. Backlog was up 12% year over year as of last quarter. They are reducing their spending, trying to boost their margins and are trying to grow organically. He has been Buying at $34-$35.

merchandising/lodging
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$38.410
Owned Owned
Yes

COMMENT
Wajax Corp(WJX-T) 

September 4, 2014

He would feel there is more upside on this, depending on what the economy does. Has a decent yield and feels it is fairly sustainable. Their business is doing fairly well. Their backlog grew in the past 12 months.

merchandising/lodging

He would feel there is more upside on this, depending on what the economy does. Has a decent yield and feels it is fairly sustainable. Their business is doing fairly well. Their backlog grew in the past 12 months.

merchandising/lodging
Douglas Kee

Chief Investment Officer, Leon Frazer & Associ...

PricePrice
$38.300
Owned Owned
No

WATCH
Wajax Corp(WJX-T) 

July 29, 2014

This company had a good setback in the market. It had got up to about 4X Book, which is really, really expensive for them. They are now down to about 2X Book. It certainly has the potential to get back up to $45-$50. Watch to see if it breaks out technically.

merchandising/lodging

This company had a good setback in the market. It had got up to about 4X Book, which is really, really expensive for them. They are now down to about 2X Book. It certainly has the potential to get back up to $45-$50. Watch to see if it breaks out technically.

merchandising/lodging
Ross Healy

Chairman, Strategic Analysis C...

PricePrice
$35.040
Owned Owned
Unknown

BUY
Wajax Corp(WJX-T) 

July 28, 2014

Feels the market has been improving for them a little bit lately, with the increasing activity in oil/gas and some of the mining sectors. A cyclical company. Right now it is probably a good company to own. Management would be pretty determined to retain their dividend. Yield of 6.8%.

merchandising/lodging

Feels the market has been improving for them a little bit lately, with the increasing activity in oil/gas and some of the mining sectors. A cyclical company. Right now it is probably a good company to own. Management would be pretty determined to retain their dividend. Yield of 6.8%.

merchandising/lodging
Michael Sprung

President, Sprung Investment Ma...

PricePrice
$35.170
Owned Owned
Unknown

COMMENT
Wajax Corp(WJX-T) 

May 22, 2014

Had another bad quarter recently which gives them a string of 7 or 8 bad quarters. Their end markets have been challenged. The mining side has been very challenging and he thinks they have been undercut by some lower-cost equipment. Also, their power side hasn’t really taken off. There could be more downside before they get it sorted out. Dividend yield of 7%.

merchandising/lodging

Had another bad quarter recently which gives them a string of 7 or 8 bad quarters. Their end markets have been challenged. The mining side has been very challenging and he thinks they have been undercut by some lower-cost equipment. Also, their power side hasn’t really taken off. There could be more downside before they get it sorted out. Dividend yield of 7%.

merchandising/lodging
Jeff Young

Co-CEO & CIO, NexGen Financial...

PricePrice
$34.470
Owned Owned
No

WEAK BUY
Wajax Corp(WJX-T) 

May 7, 2014

Has been a good company over time and is a cyclical business.  Paying out 95-100% of their earnings as a dividend right now.  7%+.  Some believe they should cut the dividend and pay down debt.

merchandising/lodging

Has been a good company over time and is a cyclical business.  Paying out 95-100% of their earnings as a dividend right now.  7%+.  Some believe they should cut the dividend and pay down debt.

merchandising/lodging
Douglas Kee

Chief Investment Officer, Leon Frazer & Associ...

PricePrice
$34.320
Owned Owned
Unknown

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