Topic: How To Invest

Power Growth Investor Hotline – Friday, September 8, 2023

Article Excerpt

WAJAX CORP., $29.03, is a buy. Through their shares, investors benefit from the company’s (symbol WJX on Toronto) sales and servicing of 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 is now acquiring Sault Ste. Marie, Ontario-based Beta Fluid Power Ltd. and Beta Industrial Ltd. Beta Fluid is a leading regional supplier of hydraulic and pneumatic equipment for use in the industrial, mining and construction sectors. It also offers hydraulic and pneumatic maintenance, repair and replacement services, including mobile services. Beta Industrial provides a wide range of on-site facility repair and maintenance services to local and regional customers. Together Beta Fluid and Beta Industrial employ a team of approximately forty-two full-time employees. The purchase price has not yet been disclosed. Meanwhile, Wajax raised its quarterly dividend by 32.0% with the April 2023 payment, to $0.33 a share…