AgJunction Inc

AJX-T

Analysis and Opinions about AJX-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
February 16, 2012
Had record revenues in the last quarter, which is normally their weaker quarter. No debt and about $10 million in the bank. Target price is $3.49.
AgJunction Inc (AJX-T)
February 16, 2012
Had record revenues in the last quarter, which is normally their weaker quarter. No debt and about $10 million in the bank. Target price is $3.49.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.950
Owned
Yes
PAST TOP PICK
PAST TOP PICK
January 27, 2012
(A Top Pick March 17/11. Down 35.25%.) Provides GPS to the agriculture sector. As this sector fell off, the sentiment declined. Stock is now starting to rebound. Would be a buyer here.
AgJunction Inc (AJX-T)
January 27, 2012
(A Top Pick March 17/11. Down 35.25%.) Provides GPS to the agriculture sector. As this sector fell off, the sentiment declined. Stock is now starting to rebound. Would be a buyer here.
James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$0.900
Owned
Yes
PAST TOP PICK
PAST TOP PICK
December 29, 2011
(Top Pick Mar 17/11, Down 22.35%) Fundamentals changed so he got out. He had believed the AG cycle would last longer than it did.
AgJunction Inc (AJX-T)
December 29, 2011
(Top Pick Mar 17/11, Down 22.35%) Fundamentals changed so he got out. He had believed the AG cycle would last longer than it did.
James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$0.670
Owned
No
PAST TOP PICK
PAST TOP PICK
December 6, 2011
(Top Pick Nov 11/10, Down 37%) Over promised and under delivered. In fall numbers looked better, but they continue to loose money. Likes the space and he bought back in.
AgJunction Inc (AJX-T)
December 6, 2011
(Top Pick Nov 11/10, Down 37%) Over promised and under delivered. In fall numbers looked better, but they continue to loose money. Likes the space and he bought back in.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.650
Owned
Yes
TOP PICK
TOP PICK
November 3, 2011
(A Top Pick Nov 11/10. Down 25.6%.) Bought at $.72 and sold at $1.19. Then bought it back. They were overpromising and under delivering. Just reported best 3rd quarter revenues ever but they continue to lose money. Wants to see them have black ink for an extended period of time. Tremendous potential.
AgJunction Inc (AJX-T)
November 3, 2011
(A Top Pick Nov 11/10. Down 25.6%.) Bought at $.72 and sold at $1.19. Then bought it back. They were overpromising and under delivering. Just reported best 3rd quarter revenues ever but they continue to lose money. Wants to see them have black ink for an extended period of time. Tremendous potential.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.640
Owned
Yes
DON'T BUY
DON'T BUY
October 20, 2011
In the spring he had thought that the agriculture sector would have been stronger for longer. He has exited the bulk of his position. Incredibly cheap, but wouldn't buy for this reason.
AgJunction Inc (AJX-T)
October 20, 2011
In the spring he had thought that the agriculture sector would have been stronger for longer. He has exited the bulk of his position. Incredibly cheap, but wouldn't buy for this reason.
James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$0.650
Owned
Yes
PAST TOP PICK
PAST TOP PICK
October 4, 2011
(A Top Pick Nov 11/10. Down 38.61%.) Sold his holdings when they came out with horrendous numbers in March. Numbers seemed to turn quite a bit so he bought back in at $0.66. Volume today doubled and he assumes a big block traded hands. His target is $3.
AgJunction Inc (AJX-T)
October 4, 2011
(A Top Pick Nov 11/10. Down 38.61%.) Sold his holdings when they came out with horrendous numbers in March. Numbers seemed to turn quite a bit so he bought back in at $0.66. Volume today doubled and he assumes a big block traded hands. His target is $3.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$0.640
Owned
Yes
BUY
BUY
August 30, 2011
Recent quarter was strong but probably wasn't as strong as he would've liked. He is bullish on agriculture. Have a lot of growth overseas in Australia and Asian markets. Expect demand for their products will increase.
AgJunction Inc (AJX-T)
August 30, 2011
Recent quarter was strong but probably wasn't as strong as he would've liked. He is bullish on agriculture. Have a lot of growth overseas in Australia and Asian markets. Expect demand for their products will increase.
James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$0.830
Owned
Yes
WAIT
WAIT
July 15, 2011
Insider Buying: He does look for insider buying and looks to see that management owns a fair piece of the company and if they are still buying it is a double boost. He does not like seeing a lot of options for management. In his partner’s portfolio but he would want to wait a bit. He wants to see it cheaper before he buys in.
Insider Buying: He does look for insider buying and looks to see that management owns a fair piece of the company and if they are still buying it is a double boost. He does not like seeing a lot of options for management. In his partner’s portfolio but he would want to wait a bit. He wants to see it cheaper before he buys in.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.070
Owned
Yes
COMMENT
COMMENT
July 4, 2011
Interesting chart in that every time it drops down, it holds at about $1. People are waiting for some new developments. It looks pretty good. There is a bit of a wedge forming so when it breaks out, he would be looking for $2. Treat the $1 as an exit point.
Interesting chart in that every time it drops down, it holds at about $1. People are waiting for some new developments. It looks pretty good. There is a bit of a wedge forming so when it breaks out, he would be looking for $2. Treat the $1 as an exit point.
Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
Price
$1.150
Owned
Unknown
BUY
BUY
June 27, 2011
One of the larger positions in his funds. Likes agriculture. A market leader in their GPS equipment. Have some fantastic agreements here, Europe and Australia. Thanks the earning power is greater than in the past agricultural cycle.
One of the larger positions in his funds. Likes agriculture. A market leader in their GPS equipment. Have some fantastic agreements here, Europe and Australia. Thanks the earning power is greater than in the past agricultural cycle.
James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$1.070
Owned
Yes
WATCH
WATCH
May 31, 2011
Make GPS systems for tractors to make sure seed rows are super accurate as well as good tilling and fertilizing. Now moving towards OEM in China as well as after market in N.A. Expected to earn $0.04 in 2011 and $0.12 in 2012. Historically has had difficulty getting traction. Thinks this company will benefit from strong prices in agriculture.
Make GPS systems for tractors to make sure seed rows are super accurate as well as good tilling and fertilizing. Now moving towards OEM in China as well as after market in N.A. Expected to earn $0.04 in 2011 and $0.12 in 2012. Historically has had difficulty getting traction. Thinks this company will benefit from strong prices in agriculture.
Robert McWhirter
President, Selective Asset Management
Price
$1.190
Owned
No
TOP PICK
TOP PICK
May 26, 2011
GPS for agriculture. Very cheap. 40% revenue growth last quarter. Significant earnings growth. Thinks it can get to $2.50-$3.
GPS for agriculture. Very cheap. 40% revenue growth last quarter. Significant earnings growth. Thinks it can get to $2.50-$3.
James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$1.190
Owned
Yes
COMMENT
COMMENT
April 25, 2011
Bought towards the end of 2009. Thought it had tremendous potential, and it still could. Most recent results showed record revenues but also had a loss of about $3.8 million. Management has over promised and under delivered many time is the past so he sold his holdings. If they can do what they promised in the next 6 months, it should go up. His target price was $3.24.
AgJunction Inc (AJX-T)
April 25, 2011
Bought towards the end of 2009. Thought it had tremendous potential, and it still could. Most recent results showed record revenues but also had a loss of about $3.8 million. Management has over promised and under delivered many time is the past so he sold his holdings. If they can do what they promised in the next 6 months, it should go up. His target price was $3.24.
Benj Gallander
President, Contra the Heard Investment Letter
Price
$1.360
Owned
No
TOP PICK
TOP PICK
April 21, 2011
GPS in agriculture equipment. Very fast growing company. Growing revenues about 40% in the current quarter. Think they will do $75-$80 million in revenues this year and $10 million in earnings in 2012. If you back out the cash, it is a $55 million market cap enterprise value.
AgJunction Inc (AJX-T)
April 21, 2011
GPS in agriculture equipment. Very fast growing company. Growing revenues about 40% in the current quarter. Think they will do $75-$80 million in revenues this year and $10 million in earnings in 2012. If you back out the cash, it is a $55 million market cap enterprise value.
James Hodgins
Chief Investment Officer, Curvature Hedge Strategies
Price
$1.240
Owned
Yes
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