Here are two PGI buys with gains ahead: Wajax Corp. and North West Company

Article Excerpt

Long-time readers know that we keep you informed of important news about the stocks we cover. That means highlighting developments that promise to brighten your prospects. Here are two buys that stand out this month: WAJAX CORP. $19.68 (Toronto symbol WJX; TSINetwork Rating: Extra Risk) (www.wajax.ca; Shares outstanding: 21.5 million; Market cap: $417.3 million; Divd. yield: 5.1%) sells and services cranes, forklifts and other heavy equipment. Wajax also provides related parts and systems such as ball bearings, hoses, diesel engines and transmissions. Customers are spread across the resources, construction, manufacturing and transportation industries. In the quarter ended December 31, 2020, revenue fell 5.7%, to $381.0 million from $403.9 million a year earlier. Excluding one-time items, Wajax earned $9.6 million, or $0.48 a share, down 5.0% from $10.1 million, or $0.51 a share. Current business conditions due to COVID-19 concerns continued to hurt Wajax’s results during the fourth quarter of 2020. However, volumes improved steadily during the latest quarter as customer activity began to increase. Wajax continues to…

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