Topic: How To Invest

Power Growth Investor Hotline – Friday, January 8, 2021

Article Excerpt

WAJAX CORP., $19.20, is a buy. The company (symbol WJX on Toronto) sells and service cranes, forklifts and other heavy equipment. Wajax also provides related parts and systems such as ball bearings, hoses, diesel engines and transmissions. The company’s customers are spread across the resources, construction, manufacturing and transportation industries. Wajax has just bought Calgary-based Tundra Process Solutions for $99.1 million. Founded in 1999, Tundra provides maintenance and technical services to customers in the Western Canadian midstream oil and gas, oil sands, petrochemical, mining, forestry and municipal markets. Tundra also distributes industrial process equipment from leading manufacturers of valves, instrumentation and controls, motors and drives, control buildings, boilers and water treatment solutions. Employing approximately 150 people, Tundra operates four facilities in Alberta: one in Calgary, two in Edmonton and one in Grande Prairie. Tundra also maintains a local sales presence in Fort McMurray and Red Deer, Alberta; Vancouver and Fort St. John, B.C.; and southern Saskatchewan. For the 12 months ended November 30, 2020, Tundra…

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