AgJunction Inc

AJX-T

Analysis and Opinions about AJX-T

Signal
Opinion
Expert
HOLD
HOLD
July 17, 2015

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.

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.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.520
Owned
Yes
BUY
BUY
June 19, 2015

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.

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.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.590
Owned
Yes
PAST TOP PICK
PAST TOP PICK
March 26, 2015

(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.

AgJunction Inc (AJX-T)
March 26, 2015

(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.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.780
Owned
Yes
PAST TOP PICK
PAST TOP PICK
February 3, 2015

(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.

AgJunction Inc (AJX-T)
February 3, 2015

(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.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.550
Owned
Yes
PAST TOP PICK
PAST TOP PICK
December 23, 2014

(A Top Pick Jan 8/14. Down 50%.) Still likes this. His purchase price was $0.66. Agriculture has been out-of-favour. That might change to some degree because some of the inputs are going to be less expensive. They changed the way they account for revenues, which lowers the revenues by about 20%, but at the end of the day it doesn’t affect the bottom line. Likes management. A very small player in an industry that has some big competitors like John Deere. He is willing to hold onto it. Balance sheet is beautiful, have money in the bank, no debt, and they are playing around breakeven.

AgJunction Inc (AJX-T)
December 23, 2014

(A Top Pick Jan 8/14. Down 50%.) Still likes this. His purchase price was $0.66. Agriculture has been out-of-favour. That might change to some degree because some of the inputs are going to be less expensive. They changed the way they account for revenues, which lowers the revenues by about 20%, but at the end of the day it doesn’t affect the bottom line. Likes management. A very small player in an industry that has some big competitors like John Deere. He is willing to hold onto it. Balance sheet is beautiful, have money in the bank, no debt, and they are playing around breakeven.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.560
Owned
Yes
WAIT
WAIT
November 17, 2014

This is out of favour, but at some point will come back into favour. Recent revenues were down about 16%. The balance sheet is great even if they are losing a little bit of money. It may get caught by tax loss selling.

AgJunction Inc (AJX-T)
November 17, 2014

This is out of favour, but at some point will come back into favour. Recent revenues were down about 16%. The balance sheet is great even if they are losing a little bit of money. It may get caught by tax loss selling.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.620
Owned
Yes
TOP PICK
TOP PICK
August 26, 2014

(A Top Pick Aug 12/13. Down 27.27%.) Not dealing well with the slowdown in the agricultural sector. Revenues went down to 37% over the past year. New management has been very transparent. His Initial Sell Target is $3.49. Even with the drop in revenues, they only lost about $600,000 because they cut a lot of workers from about 270 to 170. They are very, very diligent on expenses.

AgJunction Inc (AJX-T)
August 26, 2014

(A Top Pick Aug 12/13. Down 27.27%.) Not dealing well with the slowdown in the agricultural sector. Revenues went down to 37% over the past year. New management has been very transparent. His Initial Sell Target is $3.49. Even with the drop in revenues, they only lost about $600,000 because they cut a lot of workers from about 270 to 170. They are very, very diligent on expenses.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.730
Owned
Yes
PAST TOP PICK
PAST TOP PICK
July 9, 2014

(A Top Pick June 28/13. Down 18.95%.) Did a lot in terms of a turnaround. New management came in and moved headquarters from Calgary to Kansas City. Cut employees from about 270 to about 100. Company was making money, but seem to be having difficulties in the marketplace now. Has this as a Buy, and is confident in management. Said revenues are going to go down, but expects to remain profitable for this year.

(A Top Pick June 28/13. Down 18.95%.) Did a lot in terms of a turnaround. New management came in and moved headquarters from Calgary to Kansas City. Cut employees from about 270 to about 100. Company was making money, but seem to be having difficulties in the marketplace now. Has this as a Buy, and is confident in management. Said revenues are going to go down, but expects to remain profitable for this year.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.770
Owned
Yes
PAST TOP PICK
PAST TOP PICK
May 23, 2014

(A Top Pick June 28/13. 0% return.) Company was doing really well until the last two quarters and they foresaw that revenues were going to go down. Went down about 10% this past quarter, but because they had cut expenses so much, they actually still made money. Likes the new management which is getting very, very good guidance. His target price is $3.49. There is no rush to Buy into this one.

(A Top Pick June 28/13. 0% return.) Company was doing really well until the last two quarters and they foresaw that revenues were going to go down. Went down about 10% this past quarter, but because they had cut expenses so much, they actually still made money. Likes the new management which is getting very, very good guidance. His target price is $3.49. There is no rush to Buy into this one.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.950
Owned
Yes
TOP PICK
TOP PICK
April 1, 2014

(BNN has dates shown as April 1/14. April Fools’ joke? I’m taking their word for it because I can’t match anything!!! Bill.)

(A Top Pick April 1/14. Up 13.75%.) Past quarter was really good. Revenues were up 37%. What scared a lot of people was the viewpoint going forward that things were slowing down a bit and management perceived it was going to be slow in the near future and tough slogging.

(BNN has dates shown as April 1/14. April Fools’ joke? I’m taking their word for it because I can’t match anything!!! Bill.)

(A Top Pick April 1/14. Up 13.75%.) Past quarter was really good. Revenues were up 37%. What scared a lot of people was the viewpoint going forward that things were slowing down a bit and management perceived it was going to be slow in the near future and tough slogging.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.960
Owned
Yes
PAST TOP PICK
PAST TOP PICK
February 18, 2014

(A Top Pick Feb 20/13. Up 31%.) Liked management which seemed to be focused. Made a lot of changes that he questioned. They are profitable at this point in time. Great balance sheet. His initial sell target is $3.49. Still a Buy.

AgJunction Inc (AJX-T)
February 18, 2014

(A Top Pick Feb 20/13. Up 31%.) Liked management which seemed to be focused. Made a lot of changes that he questioned. They are profitable at this point in time. Great balance sheet. His initial sell target is $3.49. Still a Buy.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.070
Owned
Yes
TOP PICK
TOP PICK
January 8, 2014

This is Hemisphere GPS. It has done well. Have done a huge turnaround. Moved from Calgary to Kansas City and got rid of about 100 workers. Appears the write-downs are all done. His target price is $3.49. About $10 million in the bank and have no debt.

AgJunction Inc (AJX-T)
January 8, 2014

This is Hemisphere GPS. It has done well. Have done a huge turnaround. Moved from Calgary to Kansas City and got rid of about 100 workers. Appears the write-downs are all done. His target price is $3.49. About $10 million in the bank and have no debt.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.140
Owned
Yes
PAST TOP PICK
PAST TOP PICK
November 11, 2013

(Top Pick Nov 9/12, Up 55.07%) Move through the tough slogging, taking tremendous write-downs, which are now a thing of the past. Has a large upside. GPS is now completely focused on agriculture, which is soft and it could hurt them.

AgJunction Inc (AJX-T)
November 11, 2013

(Top Pick Nov 9/12, Up 55.07%) Move through the tough slogging, taking tremendous write-downs, which are now a thing of the past. Has a large upside. GPS is now completely focused on agriculture, which is soft and it could hurt them.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.080
Owned
Yes
TOP PICK
TOP PICK
September 26, 2013

Has really moved along on their turnaround. New management moved operations from Calgary to Kansas City. Let a lot of staff go and lowered the breakeven. Sold off all the non-agricultural sector. About $12 million in the bank. No debt on the balance sheet. Next year or two could do very well by them.

AgJunction Inc (AJX-T)
September 26, 2013

Has really moved along on their turnaround. New management moved operations from Calgary to Kansas City. Let a lot of staff go and lowered the breakeven. Sold off all the non-agricultural sector. About $12 million in the bank. No debt on the balance sheet. Next year or two could do very well by them.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.980
Owned
Yes
TOP PICK
TOP PICK
August 12, 2013

He can see this going to the $3.50 level. Has undergone major, major transformation. New management within the last year. Their breakeven costs have gone way down. Good balance sheet. Sold off the agricultural division for about $15 million. No debt.

AgJunction Inc (AJX-T)
August 12, 2013

He can see this going to the $3.50 level. Has undergone major, major transformation. New management within the last year. Their breakeven costs have gone way down. Good balance sheet. Sold off the agricultural division for about $15 million. No debt.

Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.990
Owned
Yes
Showing 16 to 30 of 81 entries