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PostWysłany: Pią 22:06, 30 Sie 2013    Temat postu: Wajax CEO Foote steps lively

Wajax CEO Foote steps lively
For an exec who spent his entire career at retailers like Zellers,jordans shoes foe sale, Loblaw and Canadian Tire, Mark Foote's move to the industrial equipment industry was as easy as slipping on an old set of sneakers.
Just seven months after he was named CEO of Mississauga, Ont.-based Wajax Corp., Foote sounds like he's been flogging hydraulic shovels, slurry pumps and excavators for decades.
"Retail is inherently a distribution business,Buy duvetica jackets aliaoutlet outlet duvetica down jackets sale 2014," says Foote, who recently toured Wajax's Edmonton operations, where two of the company's three national divisions are headquartered.
View Larger ImageWajax Corp,2013 Cheap Nike Soccer Shoes Online Adidas Soccer Shoes For Sale. retail giant Target Corp. says there's another reason why his latest career move has been a tidy fit,kd shoes.
"The reason it made the most sense was that I'm intensely interested in what the company actually does.
"In my 28 years at Canadian Tire, the first 14 years or so I was in the automotive business. I started as a technician, I worked in the shop, I've done a whole bunch of work in logistics and auto parts and supply chain management. So there's an element of Wajax that goes back to where I started,2013 Cheap Nike Soccer Shoes Online, from a career standpoint."
There are also huge differences, of course.
While Zellers struggled in the face of stiff competition from Walmart Canada and other rivals, Wajax has been growing at an impressive clip.
Although the low-profile firm doesn't yet enjoy the same brand-name recognition as larger rivals like Finning Canada or Toromont,jordans shoes for sale, Wajax's financial performance is turning heads.
Its shares were recently included in Canada's main equity benchmark,Parajumpers Parka On Sale Online Store, the S Composite Index.
Wajax posted net earnings of $17.1 million or $1.03 a share for the first quarter of 2012, up 33 per cent from the previous year. Revenues jumped 18 per cent to $358.1 million.
After recently hitting an alltime record high of more than $53 apiece, Wajax's shares closed at more than $49 each Wednesday on the Toronto Stock Exchange. That's up more than 31 per cent over the past year,parajumpers jacket, giving the company a market cap of about $816 million.
Despite the big run-up, Wajax's stock trades at only 12 times projected earnings for 2012, and it boasts a healthy dividend yield of 6.6 per cent - a big lure for income-hungry investors.
Although Foote is reluctant to get into specific forecasts,Buy soccer shoes and soccer cleats at Big Toe Soccer, he sees plenty of growth still ahead for the industrial equipment seller.
"Wajax has tons of growth opportunities, and while it has grown through acquisitions and still has a fair amount of acquisition opportunities in each of its businesses,giuseppe zanotti boots Online Store, its organic (internal) growth opportunities are really significant," he says.
"About 44 per cent of Wajax's revenues are attached to resource businesses,Woolrich Outlet canada Woolrich Parka Woolrich Arctic Parka Woolrich Jacket online shop, with a lot of that being in oil and gas and mining. I think that's a great place for the company to be.
"Sure, you get hiccups in oil prices and occasional slowdowns, but from a medium to long-term perspective there couldn't be a better place to be from an industry perspective."
With more than 730 of its 2,duvetica down jackets,700 Canadian employees based in Alberta,Roger Vivier Designer Heels Online, the province is a key engine of future growth, says Foote.
"Wajax generates about 54 per cent of its revenues from Western Canada,parajumpers sale free shipping, and most of that comes from Alberta, where we have 17 branches. So Alberta is an incredibly important market to us.
"Our best mining expertise is in Alberta, our best forestry expertise is in Alberta, our best construction expertise is in Alberta,http://kdweathermanshoesforsale.blogspot.com/, the premium side of our hydraulics business is in Alberta, and the core of our power generation business is in Alberta," he says.
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