Wajax Corp

WJX-T

Analysis and Opinions about WJX-T

Signal
Opinion
Expert
BUY
BUY
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.

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.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$19.340
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
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.

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.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$24.500
Owned
No
BUY
BUY
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.

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.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$23.060
Owned
Unknown
TOP PICK
TOP PICK
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.

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.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$23.700
Owned
Yes
SHORT
SHORT
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.

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.

James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$15.050
Owned
Yes
WATCH
WATCH
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.

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.

Hap (Robert) Sneddon FCSI
Chief Portfolio Manager & Founder, Castlemoore Inc.
Price
$15.160
Owned
No
SPECULATIVE BUY
SPECULATIVE BUY
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.

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.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$15.160
Owned
Unknown
DON'T BUY
DON'T BUY
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.

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.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$20.860
Owned
Unknown
COMMENT
COMMENT
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.

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.

Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$26.000
Owned
No
SPECULATIVE BUY
SPECULATIVE BUY
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.

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.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$24.250
Owned
Unknown
COMMENT
COMMENT
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.

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.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$35.780
Owned
Unknown
COMMENT
COMMENT
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.

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.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$38.410
Owned
Yes
COMMENT
COMMENT
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.

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.

Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$38.300
Owned
No
WATCH
WATCH
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.

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.

Ross Healy
Chairman, Strategic Analysis Corp
Price
$35.040
Owned
Unknown
BUY
BUY
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%.

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%.

Michael Sprung
President, Sprung Investment Management
Price
$35.170
Owned
Unknown
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