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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Post by Possibleidiot01on Nov 27, 2024 3:01pm

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Post# 36334192

Michael Sprung - BNN - TOP PICK

Wajax (WJX TSX)

Wajax has a 161-year history of providing equipment, parts and services to the construction, mining, industrial and commercial sectors. Revenues stem from equipment sales, product support, rentals and engineered repair services (ERS). Over the last seven years, earnings have grown at a 21 per cent annual rate. Wajax has an exclusive relationship with Hitachi in Canada. The recent results in the third quarter of 2024 were disappointing as industrial parts and product support missed expectations as did equipment sales and ERS. On the positive side, the backlog for equipment increased due to higher construction, forestry and mining orders. The stock has pulled back and presents an opportunity with a yield of 6.5 per cent and a compelling valuation for the long term.

Owned personally and in fund , not by family

TOP PICK

Relatively new holding for him. Services industrials, mining, energy. Great parts and service business. Facilities throughout NA. Very well managed, strong balance sheet. Trading at a fairly competitive price. Stock fell on disappointing quarter, which opens up a great opportunity to get in. Attractive yield of 6.4%.

(Analysts’ price target is $23.75)

merchandising / lodging

$23.100