Wajax Corp (WJX-T) Stock Predictions - Stockchase
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Wajax Corp (WJX-T)

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Wajax Corp

WJX-T

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Wajax Corp (WJX-T) SAVE Apr, 19, 2019, 9:26 am

16.19 0.04 (0.25%)

What the experts are saying about WJX-T



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Signal Opinion Expert
BUY
Wajax Corp(WJX-T) 

January 18, 2019

It'll be flat this year. It's very illiquid, so likely way cheaper than it ought to be. Good balance sheet. Cheap at 8x earnings. The payout ratio is safe. You can buy and win with this.

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It'll be flat this year. It's very illiquid, so likely way cheaper than it ought to be. Good balance sheet. Cheap at 8x earnings. The payout ratio is safe. You can buy and win with this.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$19.340
Owned Owned
Unknown

PAST TOP PICK
Wajax Corp(WJX-T) 

January 3, 2018

(A Top Pick Feb 17/17. Up 8%.) Sold this a while ago to reduce his holdings in the infrastructure space. He still likes the sector immensely. Chart shows a reverse head and shoulders. If this can get above $25.70, he would like to buy it again.

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(A Top Pick Feb 17/17. Up 8%.) Sold this a while ago to reduce his holdings in the infrastructure space. He still likes the sector immensely. Chart shows a reverse head and shoulders. If this can get above $25.70, he would like to buy it again.

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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$24.500
Owned Owned
No

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.

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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.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$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.

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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.

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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$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.

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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.

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James Hodgins

Chief Inve, Curvature Hedge Stra...

Price Price
$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.

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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.

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Hap (Robert) Sn

Chief Port, Castlemoore Inc....

Price Price
$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.

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(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.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$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.

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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.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$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.

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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.

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Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$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.

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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.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$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.

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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.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$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.

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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.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$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.

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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.

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Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$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.

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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.

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Ross Healy

Chairman, Strategic Analysis C...

Price Price
$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%.

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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%.

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Michael Sprung

President, Sprung Investment Ma...

Price Price
$35.170
Owned Owned
Unknown

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