AgJunction Inc | StockChase
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AgJunction Inc (AJX-T)

Last Price Recorded: $0.5400 on 2017-11-17

ON STOCKCHASE SINCE Jul 2007

GPS products for agriculture and marine uses.

Formerly Hemisphere GPS Inc.

Telecommunications

AgJunction Inc


Signal Opinion Expert

2017-08-14

WATCH
AgJunction Inc (AJX-T)

They did a merger with another company that doubled their size, but then the revenues went below their previous levels.  A lot of the AG companies are doing well.  He is happy to hold it, but does not know when there will be a breakthrough. 

Telecommunications
Benj Gallander

President, Contra the Heard Investment Letter

Price: $0.520
Owned: Yes

2017-04-03

DON'T BUY
AgJunction Inc (AJX-T)

They have a far bit of cash.  They have no debt.  They continue to lose money.  They can lose money in good times and in bad.  Their sales now are less than before they merged.

Telecommunications
Benj Gallander

President, Contra the Heard Investment Letter

Price: $0.580
Owned: Unknown

2017-02-07

TOP PICK
AgJunction Inc (AJX-T)

A GPS system for agriculture. A speculative play. Did a merger over a year ago, and unfortunately the revenues are now less than when they merged. In the recent quarter, they lost $14 million, but about 11 million of that was a good will write off. No debt and $15 million in the bank. Doesn’t expect a turnaround soon, because the agriculture market isn’t that good.

Telecommunications
Benj Gallander

President, Contra the Heard Investment Letter

Price: $0.540
Owned: Yes

2016-12-22

SPECULATIVE BUY
AgJunction Inc (AJX-T)

The AG space was exciting a couple of years ago.  It is a necessary space.  Their merger left their sales back where they were pre-merger.  It is taking some tax loss selling now.  Management is reasonable.  They have no debt.

Telecommunications
Benj Gallander

President, Contra the Heard Investment Letter

Price: $0.520
Owned: Yes

2016-09-22

COMMENT
AgJunction Inc (AJX-T)

Did a merger with Novarient about a year ago. Usually when companies of equal size merge, there are often a lot of write offs, which has happened somewhat in this case. He likes the company and thinks it has a lot of potential. It wouldn’t surprise him if there was a lot of tax loss selling towards the end of the year. Before buying, he would probably wait towards the end of the year just in case there is more tax loss selling, but you could do well by buying now.

Telecommunications
Benj Gallander

President, Contra the Heard Investment Letter

Price: $0.710
Owned: Yes

2016-08-05

COMMENT
AgJunction Inc (AJX-T)

This company does agricultural GPS and steering systems. Merged with Novariant, which is going fairly well. They are dealing with some write offs. Whenever 2 companies of about the same size merge, there are always write-downs and it always takes awhile for them to gain traction. Thinks this could go up 4 or 5 times.

Telecommunications
Benj Gallander

President, Contra the Heard Investment Letter

Price: $0.640
Owned: Yes

2016-06-28

BUY
AgJunction Inc (AJX-T)

This is GPS for agriculture. They also concentrate on steering for tractors. Just did a deal today with a much bigger company, and provide the steering that it needs. A clean balance sheet with no debt. Thinks it can do well going forward.

Telecommunications
Benj Gallander

President, Contra the Heard Investment Letter

Price: $0.670
Owned: Yes

2016-01-20

COMMENT
AgJunction Inc (AJX-T)

GPS systems in agriculture in order to help farmers on yields. An individual in Europe had to sell a lot of shares of the change in some European laws. He likes the company. Have merged with another company, and there may be hiccups because of write-downs. The company could triple or quadruple, but that could take a while.

Telecommunications
Benj Gallander

President, Contra the Heard Investment Letter

Price: $0.620
Owned: Yes

2015-12-01

COMMENT
AgJunction Inc (AJX-T)

The merger with Novariant will have an impact on the company. It gives it more size which is important. When 2 companies of about the same size merge, you can have write-downs for a little while. The agricultural space they deal in, GPS for the most part is not doing very well. Longer-term it is a good space to be in. He likes the company. They have a clean balance sheet and revenues. He is happy to hold. It is possible they could quadruple from here. Expects there will be tax loss selling in the next few weeks.

Telecommunications
Benj Gallander

President, Contra the Heard Investment Letter

Price: $0.640
Owned: Yes

2015-09-18

COMMENT
AgJunction Inc (AJX-T)

The European owner had to sell a lot of shares because of regulations and the stock went down about $0.40. They are currently merging with another company, and need approval in California. Even though this is based in Kansas City now, it is still a Canadian company because it was based in Calgary. The share count is going to go up quite a bit, over 120 million. If it weakens a fair bit, he could actually possibly buy more.

Telecommunications
Benj Gallander

President, Contra the Heard Investment Letter

Price: $0.540
Owned: Yes

2015-08-04

PAST TOP PICK
AgJunction Inc (AJX-T)

(A Top Pick Aug 26/14. Down 38.51%.) Right now they are looking at a merger with Novariant, a company in California. This is a Calgary-based company that moved to Kansas City, so there are more hoops to jump through, because the California regulators have to approve it. The GPS space is not doing very well right now. They are going to have costs because of all the legal issues, which are expected this quarter and next. Thinks there will be tax loss selling, so don’t Buy at this time. Longer-term he thinks it will do well. Likes management and the space, but short-term he does not expect anything exciting.

Telecommunications
Benj Gallander

President, Contra the Heard Investment Letter

Price: $0.460
Owned: Yes

2015-07-17

HOLD
AgJunction Inc (AJX-T)

A lot of people got scared this week because on Monday an investor dumped 1.5 million shares. Thinks the company will have problems in the next little while. Doing a merger with Novariant which has to be passed in California by the regulators. Part of the problem is that they are based in Kansas City as a Canadian company, so it has to go through a few more hoops. Mergers are quite costly, so he expects the next couple of quarters won’t be very good. Also, thinks there will be tax loss selling. He wouldn’t buy any right now, but would wait until the end of the year when tax loss selling is on.

Telecommunications
Benj Gallander

President, Contra the Heard Investment Letter

Price: $0.520
Owned: Yes

2015-06-19

BUY
AgJunction Inc (AJX-T)

It is on his buy list.  He likes it.  They are doing a merger that will double their size.  The agriculture space is less hot now.  You have to be patient with this one.  His sell target is $3.49.  He doesn’t expect anything to happen right away. 

Telecommunications
Benj Gallander

President, Contra the Heard Investment Letter

Price: $0.590
Owned: Yes

2015-03-26

PAST TOP PICK
AgJunction Inc (AJX-T)

(Top Pick Apr 4/14, Down 17.02%) They are looking at a merger with a company of equal size.  They will double in size and loose a little bit of money.  They say this will help them with more excellent technology in the agricultural technology space.  They are moving from about 72 Million to 120 Million shares so that is quite a bit of dilution and will affect his target price.  They have a clean balance sheet and money in the bank.

Telecommunications
Benj Gallander

President, Contra the Heard Investment Letter

Price: $0.780
Owned: Yes

2015-02-03

PAST TOP PICK
AgJunction Inc (AJX-T)

(A Top Pick Jan 8/14. Down 51.75%.) This has just got absolutely killed. There have been some problems in the agricultural sector. It doesn’t look like things are going to turn around for awhile, however he is happy to hold onto it. He doesn’t see it moving very far.

Telecommunications
Benj Gallander

President, Contra the Heard Investment Letter

Price: $0.550
Owned: Yes

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