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Wajax Corp T.WJX

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

Industrials Industrial Distribution
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

Wajax Corp
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(8)
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Post by OstrichINVon Apr 11, 2020 1:38am
485 Views
Post# 30898455

Wajax significantly undervalued at these levels

Wajax significantly undervalued at these levelsPosted a new video (link below) with my updated thoughts on Wajax.  While the company does have higher debt levels (2.6x Net Debt/EBITDA) than it would like, I believe the selloff (in sympathy with COVID-19) is significantly overdone for Wajax.  

Shares currently trade for less than 4x 2019 earnings and a 15% dividend yield.  A recovery in commodity end markets (oil and gas, mining, forestry, construction) could offer investors 2x - 3x return potential plus 15% dividend yield while you wait.

Link to video with my full thoughts.


https://www.youtube.com/watch?v=Jb4TnEJCZYc

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