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TSE:WJX

Wajax Corp (WJX.TO)

30.58
+0.15 (0.49%)
as of Jun 22, 2026, 8:00:00 pm Market Open.
81 watching
0
COMMENT

Company is a little more cautious on 2nd half guidance and some softening power systems sales. However, order quoting activity is still pretty robust. Pretty expensive valuation trading at 7.5X to EBITDA versus Finning (FTT-T) at 6.2. Payout ratios are fine for 2012-2013. You are really buying this for yield and if there is “risk on” in the market this name could go higher.

HOLD

Equipment distributor for construction and mining. Has a very attractive yield. Longer-term, she is positive on mining and construction.

COMMENT

Very effective company and to see them hold up as well as they have in this environment, is good. Looks like it is selling at a bit of a premium but the 6.8% dividend is very attractive.

COMMENT
Well-managed company. In a cyclical sector but the dividend policy is fairly conservative so the 6.9% dividend should hold up.
HOLD
Major supplier of equipment to the mining and resource sector and will participate to a great extent to what is happening in that sector. He is generally positive for the long term. Dividend should be safe for the time being. Well managed. 6.6% dividend yield.
BUY ON WEAKNESS
Thinks it just broke down through the 100 day moving average today. Was just included in the index recently so it is not atypical for the stock to move around a lot, even if this market is falling the way it is. Has gotten really pricey trading around 7X enterprise value in the next 12 months EBITDA which is about double that of Freeport McMoran (FCX-N). Yield is good at about 7% with a 75% payout ratio. Management says their order book is very full and strong despite the European and Chinese problems. Try to Buy at the 200 day moving average.
DON'T BUY
Steady Eddie type of company. Doesn't screen that cheaply for him. From an income point of view, this is not one that he would be recommending.
COMMENT
A good company. Has done quite well. Dividend is safe.
DON'T BUY
Equipment Services. Good place to be. Order book remains very strong. Earnings momentum is good. Good dividend growth. Probably way mispriced relative to Finning (FTT-T) at this point. Wait for a pullback.
DON'T BUY
Looked at it a lot. Structurally, the core business can be a bit of a tough one. It is one of a number of high dividend stocks that have disproportionately benefited because investors are so frustrated with yields. He sees it in power trusts and REITs. It has gotten a bit ahead of itself. There is no risk to the dividend and in fact it increased about a month ago.
HOLD
In rentals that are used in construction, forestry and industrial. They have mobile equipment and do servicing work. They are aiming to pay out about 75% of their earnings. Thinks they can increase their dividend in 2012. About 50% exposure to Western Canada.
HOLD
Pretty steady Eddie company. Not overly glamorous but has a very nice dividend of 5.4%.
BUY
(Market Call Minute) Great execution. Boring company.
BUY ON WEAKNESS
Tethered to the strength in the Canadian industrial sector in mining and energy. 6.4% dividend. Good balance sheet.
BUY
Equipment distribution. Has dropped off because of concerns of heightened competition from US players moving in. A large part of this is overdone and more than reflected in the stock price. Good dividend.
Showing 46 to 60 of 102 entries