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Posted by
Two Blokes Jun 4 -
Filed in
Stock
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7 views
Wajax is showing signs of a turnaround after five weak quarters, with strong Q1 results suggesting a cyclical bottom has been reached. Growth was driven by machinery sales and product support, but weakness in higher-margin services and spare parts remains a concern. The LTM P/E of 12 is calculated with depressed earnings, and the forward would be closer to 7 times if my conservative assumptions are met.
