Viewing Company AgJunction Inc | StockChase
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Compiling comments that experts make about stocks while on public TV.

AgJunction Inc Stock Symbol: AJX-T

Notes:

GPS products for agriculture and marine uses.

Formerly Hemisphere GPS Inc.

Last Price Recorded: $0.5600 on 2017-03-28

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Date Signal Expert Opinion Price
2017-02-07 TOP PICK Benj Gallander

A GPS system for agriculture. A speculative play. Did a merger over a year ago, and unfortunately the revenues are now less than when they merged. In the recent quarter, they lost $14 million, but about 11 million of that was a good will write off. No debt and $15 million in the bank. Doesn’t expect a turnaround soon, because the agriculture market isn’t that good.


Price:
$0.540
Subject:
CONTRARIAN and VALUE INVESTING
Bias:
UNKNOWN
Owned:
Yes
2016-12-22 SPECULATIVE BUY Benj Gallander

The AG space was exciting a couple of years ago.  It is a necessary space.  Their merger left their sales back where they were pre-merger.  It is taking some tax loss selling now.  Management is reasonable.  They have no debt.


Price:
$0.520
Subject:
CONTRARIAN and VALUE INVESTING
Bias:
CONTRARIAN
Owned:
Yes
2016-09-22 COMMENT Benj Gallander

Did a merger with Novarient about a year ago. Usually when companies of equal size merge, there are often a lot of write offs, which has happened somewhat in this case. He likes the company and thinks it has a lot of potential. It wouldn’t surprise him if there was a lot of tax loss selling towards the end of the year. Before buying, he would probably wait towards the end of the year just in case there is more tax loss selling, but you could do well by buying now.


Price:
$0.710
Subject:
CONTRARIAN and VALUE INVESTING
Bias:
UNKNOWN
Owned:
Yes
2016-08-05 COMMENT Benj Gallander

This company does agricultural GPS and steering systems. Merged with Novariant, which is going fairly well. They are dealing with some write offs. Whenever 2 companies of about the same size merge, there are always write-downs and it always takes awhile for them to gain traction. Thinks this could go up 4 or 5 times.


Price:
$0.640
Subject:
CONTRARIAN and VALUE INVESTING
Bias:
UNKNOWN
Owned:
Yes
2016-06-28 BUY Benj Gallander

This is GPS for agriculture. They also concentrate on steering for tractors. Just did a deal today with a much bigger company, and provide the steering that it needs. A clean balance sheet with no debt. Thinks it can do well going forward.


Price:
$0.670
Subject:
CONTRARIAN and VALUE INVESTING
Bias:
UNKNOWN
Owned:
Yes
2016-01-20 COMMENT Benj Gallander

GPS systems in agriculture in order to help farmers on yields. An individual in Europe had to sell a lot of shares of the change in some European laws. He likes the company. Have merged with another company, and there may be hiccups because of write-downs. The company could triple or quadruple, but that could take a while.


Price:
$0.620
Subject:
CONTRARIAN and VALUE INVESTING
Bias:
UNKNOWN
Owned:
Yes
2015-12-01 COMMENT Benj Gallander

The merger with Novariant will have an impact on the company. It gives it more size which is important. When 2 companies of about the same size merge, you can have write-downs for a little while. The agricultural space they deal in, GPS for the most part is not doing very well. Longer-term it is a good space to be in. He likes the company. They have a clean balance sheet and revenues. He is happy to hold. It is possible they could quadruple from here. Expects there will be tax loss selling in the next few weeks.


Price:
$0.640
Subject:
CONTRARIAN and VALUE INVESTING
Bias:
UNKNOWN
Owned:
Yes
2015-09-18 COMMENT Benj Gallander

The European owner had to sell a lot of shares because of regulations and the stock went down about $0.40. They are currently merging with another company, and need approval in California. Even though this is based in Kansas City now, it is still a Canadian company because it was based in Calgary. The share count is going to go up quite a bit, over 120 million. If it weakens a fair bit, he could actually possibly buy more.


Price:
$0.540
Subject:
CONTRARIAN and VALUE INVESTING
Bias:
CAUTIOUS
Owned:
Yes
2015-08-04 PAST TOP PICK Benj Gallander

(A Top Pick Aug 26/14. Down 38.51%.) Right now they are looking at a merger with Novariant, a company in California. This is a Calgary-based company that moved to Kansas City, so there are more hoops to jump through, because the California regulators have to approve it. The GPS space is not doing very well right now. They are going to have costs because of all the legal issues, which are expected this quarter and next. Thinks there will be tax loss selling, so don’t Buy at this time. Longer-term he thinks it will do well. Likes management and the space, but short-term he does not expect anything exciting.


Price:
$0.460
Subject:
CONTRARIAN and VALUE INVESTING
Bias:
UNKNOWN
Owned:
Yes
2015-07-17 HOLD Benj Gallander

A lot of people got scared this week because on Monday an investor dumped 1.5 million shares. Thinks the company will have problems in the next little while. Doing a merger with Novariant which has to be passed in California by the regulators. Part of the problem is that they are based in Kansas City as a Canadian company, so it has to go through a few more hoops. Mergers are quite costly, so he expects the next couple of quarters won’t be very good. Also, thinks there will be tax loss selling. He wouldn’t buy any right now, but would wait until the end of the year when tax loss selling is on.


Price:
$0.520
Subject:
CONTRARIAN and VALUE INVESTING
Bias:
UNKNOWN
Owned:
Yes
2015-06-19 BUY Benj Gallander

It is on his buy list.  He likes it.  They are doing a merger that will double their size.  The agriculture space is less hot now.  You have to be patient with this one.  His sell target is $3.49.  He doesn’t expect anything to happen right away. 


Price:
$0.590
Subject:
CONTRARIAN and VALUE INVESTING
Bias:
CONTRARIAN
Owned:
Yes
2015-03-26 PAST TOP PICK Benj Gallander

(Top Pick Apr 4/14, Down 17.02%) They are looking at a merger with a company of equal size.  They will double in size and loose a little bit of money.  They say this will help them with more excellent technology in the agricultural technology space.  They are moving from about 72 Million to 120 Million shares so that is quite a bit of dilution and will affect his target price.  They have a clean balance sheet and money in the bank.


Price:
$0.780
Subject:
CONTRARIAN and VALUE INVESTING
Bias:
CONTRARIAN
Owned:
Yes
2015-02-03 PAST TOP PICK Benj Gallander

(A Top Pick Jan 8/14. Down 51.75%.) This has just got absolutely killed. There have been some problems in the agricultural sector. It doesn’t look like things are going to turn around for awhile, however he is happy to hold onto it. He doesn’t see it moving very far.


Price:
$0.550
Subject:
CONTRARIAN and VALUE INVESTING
Bias:
UNKNOWN
Owned:
Yes
2014-12-23 PAST TOP PICK Benj Gallander

(A Top Pick Jan 8/14. Down 50%.) Still likes this. His purchase price was $0.66. Agriculture has been out-of-favour. That might change to some degree because some of the inputs are going to be less expensive. They changed the way they account for revenues, which lowers the revenues by about 20%, but at the end of the day it doesn’t affect the bottom line. Likes management. A very small player in an industry that has some big competitors like John Deere. He is willing to hold onto it. Balance sheet is beautiful, have money in the bank, no debt, and they are playing around breakeven.


Price:
$0.560
Subject:
CONTRARIAN and VALUE INVESTING
Bias:
UNKNOWN
Owned:
Yes
2014-11-17 WAIT Benj Gallander

This is out of favour, but at some point will come back into favour.  Recent revenues were down about 16%.  The balance sheet is great even if they are losing a little bit of money.  It may get caught by tax loss selling.


Price:
$0.620
Subject:
CONTRARIAN and VALUE INVESTING
Bias:
CONTRARIAN
Owned:
Yes
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