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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

Comment by cupricityon Nov 07, 2023 7:07pm
211 Views
Post# 35722577

RE:RE:RE:Earnings Out

RE:RE:RE:Earnings OutDividend yield went up 8 percent overnight. Sell the news?  Wajax is just getting started. Hitachi haul trucks have close to 0 penetration in Canada and should be much higher.  Iggy won't let it go any other way.  But it's a long way to the top if you want to rock and roll.  What's most impressive is equipment sales are down which is industry wide, but profits are up as the rest of the business finally starts to perform properly.  1.09 a share earnings times 4 quarters is 4.32 a share.  We are trading at 7 times earnings.  15 percent return is a nice number.
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