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Wajax Corp T.WJX

Alternate Symbol(s):  WJXFF | T.WJX.DB

Wajax Corporation is a Canada-based diversified industrial products and services provider. The Company operates an integrated distribution system providing sales, parts and services to a broad range of customers in various sectors, including construction, forestry, mining, industrial and commercial, oil sands, transportation, metal processing, government and utilities, and oil and gas. The Company is engaged in offering various equipment, such as new, used, and rental, which consists of compact excavators, dump trucks, excavators, wheel loaders and wheeled excavators. Its solutions consists of mechanical solutions, hydraulic solutions, process solutions, electromechanical solutions, repair and solutions, and reliability solutions. It provides various industrial parts, including bearings, bulk material handling, electric motors and variable frequency drives, filtration, fluid handling, instrumentation, pneumatics, and power transmission.


TSX:WJX - Post by User

Bullboard Posts
Comment by DTM5on Apr 25, 2013 9:10pm
116 Views
Post# 21304031

RE: RE: RE: RE: Its dividend yield of 8.5 per cent

RE: RE: RE: RE: Its dividend yield of 8.5 per cent

Yeah I'm not expecting the SP to rally any time soon - In fact I think its a 50 / 50 as to whether it falls below $30.    I've kept some powder dry in case it pulls back more.    WJX SP historically over reacts - Both on the upside and downside.    Still is a strong company in good shape, serving markets that will always have sales and service requirments.    I think the yeild is totally safe.  I was attracted to the stock back in 2009 (when things were waaaayyyy worse and the yield was easily sustainable). 

To have a solid company with such a great yield show such volitility - I wish there were more like it!

 

 

 

Bullboard Posts