Wajax Corp

WJX-T

Analysis and Opinions about WJX-T

Signal
Opinion
Expert
COMMENT
COMMENT
March 25, 2009
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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Wajax Corp (WJX-T)
March 25, 2009
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.
COMMENT
COMMENT
February 24, 2009
High-quality company, but in a very cyclical business. Not immune to a cut in distributions. When there is evidence of a cyclical rebound, this is a name he would come back at as it is well managed.
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Wajax Corp (WJX-T)
February 24, 2009
High-quality company, but in a very cyclical business. Not immune to a cut in distributions. When there is evidence of a cyclical rebound, this is a name he would come back at as it is well managed.
DON'T BUY
DON'T BUY
January 26, 2009
(Market Call Minute.) Cyclical. Bottom 10% of his database.
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Wajax Corp (WJX-T)
January 26, 2009
(Market Call Minute.) Cyclical. Bottom 10% of his database.
DON'T BUY
DON'T BUY
January 16, 2009
Rental equipment to forestry, mining and energy. Concerns with forestry and mining industries. Last quarter was pretty good where they were making decent money on maintenance and repair. Payout ratio of about 95% gives some concern. Well run and trades at only 6 X EBITDA but would have some concerns because of the economy.
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Wajax Corp (WJX-T)
January 16, 2009
Rental equipment to forestry, mining and energy. Concerns with forestry and mining industries. Last quarter was pretty good where they were making decent money on maintenance and repair. Payout ratio of about 95% gives some concern. Well run and trades at only 6 X EBITDA but would have some concerns because of the economy.
TOP PICK
TOP PICK
December 2, 2008
Distributes heavy equipment for infrastructure. Will generate something between $4.50 and $4.75 per share free cash flow this year. Very, very cheap. Will benefit from infrastructure.
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Wajax Corp (WJX-T)
December 2, 2008
Distributes heavy equipment for infrastructure. Will generate something between $4.50 and $4.75 per share free cash flow this year. Very, very cheap. Will benefit from infrastructure.
COMMENT
COMMENT
August 7, 2008
Distributes heavy equipment for infrastructure. Has been volatile, but overall it is a good company to own. Have posted very decent numbers and expects this will continue. Yield of about 14%.
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Wajax Corp (WJX-T)
August 7, 2008
Distributes heavy equipment for infrastructure. Has been volatile, but overall it is a good company to own. Have posted very decent numbers and expects this will continue. Yield of about 14%.
COMMENT
COMMENT
January 21, 2008
Thinks the payout is safe, but there has been a tremendous decline in natural gas drilling in the western Canadian basin, which will create some spin-off effects on them. There is still a great demand from agriculture and oil sands. Some of the business might be moderating a bit.
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Wajax Corp (WJX-T)
January 21, 2008
Thinks the payout is safe, but there has been a tremendous decline in natural gas drilling in the western Canadian basin, which will create some spin-off effects on them. There is still a great demand from agriculture and oil sands. Some of the business might be moderating a bit.
HOLD
HOLD
November 19, 2007
Doesn’t know any specific reason for recent fall. Distributing heavy equipment in booming economy is not a bad thing. We continue to hold. Small cap, higher risk, good management.
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Wajax Corp (WJX-T)
November 19, 2007
Doesn’t know any specific reason for recent fall. Distributing heavy equipment in booming economy is not a bad thing. We continue to hold. Small cap, higher risk, good management.
VAGUE
VAGUE
October 19, 2007
Much stronger then Strongco, and have been able to maintain their revenues, in particular the mining sector. Which has offset the weaknesses in the forestry.
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Wajax Corp (WJX-T)
October 19, 2007
Much stronger then Strongco, and have been able to maintain their revenues, in particular the mining sector. Which has offset the weaknesses in the forestry.
PAST TOP PICK
PAST TOP PICK
September 17, 2007
(A top pick Oct 26/06. Down 3%) Deals heavy equipment used in infrastructure. Receives distribution. Companies growing. Booming infrastructure economy will help company. Should make $4.00 earnings. Happy with stock, not a lot of risk, not huge upside, momentum not there yet.
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Wajax Corp (WJX-T)
September 17, 2007
(A top pick Oct 26/06. Down 3%) Deals heavy equipment used in infrastructure. Receives distribution. Companies growing. Booming infrastructure economy will help company. Should make $4.00 earnings. Happy with stock, not a lot of risk, not huge upside, momentum not there yet.
HOLD
HOLD
June 8, 2007
In the construction business. Housing in Canada is declining. They are also in the mining business, and have a pretty good balance sheet, so they will be okay.
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Wajax Corp (WJX-T)
June 8, 2007
In the construction business. Housing in Canada is declining. They are also in the mining business, and have a pretty good balance sheet, so they will be okay.
TOP PICK
TOP PICK
March 13, 2007
Provides heavy equipment in the oil patch and forestry sectors. Will benefit from infrastructure construction. Very cheap.
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Wajax Corp (WJX-T)
March 13, 2007
Provides heavy equipment in the oil patch and forestry sectors. Will benefit from infrastructure construction. Very cheap.
PAST TOP PICK
PAST TOP PICK
February 26, 2007
(A Top Pick Oct 26/06. Down 2.1%.) Expecting very good results.
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Wajax Corp (WJX-T)
February 26, 2007
(A Top Pick Oct 26/06. Down 2.1%.) Expecting very good results.
PAST TOP PICK
PAST TOP PICK
January 10, 2007
(A Top Pick Oct 26/06. Down 7.6%.) Continues to like this. Last quarter results were good and they will make about $4-$4.50 in earnings, which will be non-taxable. Still cheap.
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Wajax Corp (WJX-T)
January 10, 2007
(A Top Pick Oct 26/06. Down 7.6%.) Continues to like this. Last quarter results were good and they will make about $4-$4.50 in earnings, which will be non-taxable. Still cheap.
DON'T BUY
DON'T BUY
January 4, 2007
Rents heavy equipment for construction in the oil patch and forestry sector. Their earnings and cash flow will continue to be fine. Have some concerns on their exposure to Eastern Canada. Has had a good run, so he doesn't own it. Huge sensitivity to the economy.
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Wajax Corp (WJX-T)
January 4, 2007
Rents heavy equipment for construction in the oil patch and forestry sector. Their earnings and cash flow will continue to be fine. Have some concerns on their exposure to Eastern Canada. Has had a good run, so he doesn't own it. Huge sensitivity to the economy.
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