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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
WEAK BUY
Their business is primarily supplying heavy equipment to mining/oil and gas, forestry and construction industry. The Sobey family owns 27% of it. 30% of their tour revenues are earned from servicing equipment they have sold. May be reaching the peak of its earnings potential.
COMMENT
Q: Compared with Strongco (SQAP.UN-T). A: Owns more Strongco right now. This stock has done extremely well and is now much more expensive versus Stronco which has not done much. Will probably trade at 11 X its earnings.
PAST TOP PICK
(A Top Pick Nov 29/05. Up 18%.) Thinks they will make $3 in earnings this year which is around 10 X earnings. Should continue to do well although the easy money has already been made.
BUY
Has more upside.
BUY
This company is in distributions of a wide variety of industrial equipment. Basically they are riding the back of the commodities boom of the oil fields and the mining. As long as that keeps up, this company will do terrific.
WEAK BUY
Distributor of heavy equipment. A pretty good business to be in. Not necessarily a suitable model for an income trust because it's not particularly stable.
HOLD
Earnings have gone up a lot and the multiples have expanded. Deals they will make $3.50 a share in 2006.
TOP PICK
Every year trusts do very well going into the RRSP season. Because of this, all 3 picks are income trusts. Earnings for the last 12 months is $2.75 a share. Think they have a good chance to make $3.50 next year which is 7 X earnings. 10% yield.
BUY
Involved in the oil sands through heavy machinery and trucks and the backlog is very long right now. Also into the mining sector which is very busy right now.
TOP PICK
9.5% yield. Came out with unbelievable results a couple of weeks ago. Earnings were more than doubled. Thinks the distributions will increase. Cash flow has grown 10% just over the last 3 months. Very reasonably priced.
PAST TOP PICK
(A Top Pick June 1/05. Up 8%.) Still likes. Expects results will keep improving.
BUY
Owns a similar company Strongco Income Fund (SQP.UN-T). Didn't want to go in on this one as it would give them double exposure in a cyclical industry. Selling to forestry, industrial and oil/gas clients and are doing well. Because it is cyclical, be ready to trade out of it.
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