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Bullboard - Stock Discussion Forum Wajax Corp T.WJX

Alternate Symbol(s):  WJXFF

Wajax Corp is a Canadian distributor of industrial components. The company's core business is the sale of parts and service support of equipment, power systems, and industrial components through a network of branches in Canada. Most of its revenue is generated from the sale of equipment which includes machinery and components used for construction purposes and its industrial components find utility in businesses like mining, forestry, and material handling for other industrial purposes. It sells to leading manufacturer brands such as Hitachi, JCB, Bell, Hyster, Palfinger and other similar industries.

The Market Herald Price Sensitive
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New Scotia Report Very Encouraging

Wajax Corporation WJX-T: C$21.37 Target: C$29.00 Rating: Sector Outperform Building Bigger and Better ...read more

Breaking Out

I like this move!  rate and reply

RE:Hitachi direct.

  I agree and like what i read about the new CEO . I think he will positively influcence the results going forward/  rate and reply

Hitachi direct.

One thing that few people think about when it comes to WJX, and certainly the share price doesn't get it, is the impact of JPY CDN exchange rates.   John Deere when they controlled...read more

TD Report

Event WJX reported Q1/22 results that were above expectations. Impact: POSITIVE Q1/22 adjusted EBIT was $25.9mm — above consensus and TD, both at $21.0mm. The beat was driven by a combination of...read more

Scotia Report and Upgrade to $29.00

Shovel-Ready for 2022 OUR TAKE: Positive. Following the big EPS beat in 1Q22 (+32% vs. Street), we conservatively raised our 2022E EPS by 5%. WJX’s end-markets are...read more

RE:RE:RE:RE:share price weakness may be at end.

With those numbers and already a few increased target prices, I might have to increase my own...maybe $28 a better target!  rate and reply

RE:RE:I'm In

Thanks sumpineh. I think this is a good buy in point as I have even added after I mentioned it. Could get back to $30.00 pretty quick and great divi also. Sold a few REITS down in the registered...read more

RE:I'm In

Thanks for the direction. I used to own this stock around15 years ago. I thought it went private , I might look into it again now as I know that you have an impressive track record. ex. ARG (thanks...read more

I'm In

Great results and I have started a position. GLTA  rate and reply

Wajax Reports

Earnings estimate  .55 Reported earnings .75 = Solid beat  Increasing revenues , improving profit margins , increasing backlog. Engineered solutions continues to show good rate of growth...read more

Wajax - What to make of it ?

For a company that is older than the country ( 1858) that has a national presence and only a market cap of less than a half billion raises some questions. What has it been doing? This company serves...read more

RE:RE:RE:share price weakness may be at end.

Might try to pick up a few more shares while under $20. Would be happy to see $24 in a year along with the dividend.  rate and reply

RE:RE:share price weakness may be at end.

Interesting how Morgan Stanley sells to CIBC and then buys back from CIBC 2 minutes later at .06 higher...smelly??  rate and reply

RE:share price weakness may be at end.

A lot of selling going on ....continued pressure on price well beyond expectations. Any thoughts on who is selling....shorts??   rate and reply

share price weakness may be at end.

Year end numbers out on or about March 1. with strong commodity prices, this stock should get back to new highs this year. nice dividend as well. I bought 4000 shares today at $22.70  rate and reply

Acquisition of Process Flow Systems

TORONTO, Jan. 31, 2022 /CNW/ - Wajax Corporation ("Wajax" or the Corporation") today announced that it has acquired the net operating assets of Thunder Bay...read more

RE:Raymond James

  rate and reply

RE:my take

Well, if the newest director recently bought in at close to $29 on the open market, I guess I should be buying more at $22 ......or is this heading back to $5 ??  rate and reply

my take

PE ratio are 8.5 to 1.  There is a boatload of Hitachi equipment on the way and we are entering a mining boom with demand for copper etc.  Wajax is a great place to be with a better quality...read more