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Opinions Andy Nasr
Wajax CorpWJX.TOHOLDMay 13, 2013
Stock price when the opinion was issued
As of Jun 22, 2026. Market Open.
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Premium contentBilly Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Cheap at 11x earnings. A cyclical company that has never reached over 20x multiple. They continued their dividends during the pandemic. Sales missed but EPS beat by 20%. Cash flow is good. The small size presents some risks but it is doing many things right. Unlock Premium - Try 5i Free
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Greg Newman
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.
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
Had a lower dividend then expected and the stock dropped accordingly. End market demand for their products has gone down, so earnings went down and then dividends followed.
Look for stocks that have a gain in end market demand to see results by 2014.
Cut has already been done, so you are ok for the next 12 months.