Comments on: Buy Ritchie Bros. Auctions (RBA) http://jubakpicks.com/2009/12/03/buy-ritchie-bros-auctions-rba/ Tue, 22 May 2012 22:19:06 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Mike http://jubakpicks.com/2009/12/03/buy-ritchie-bros-auctions-rba/comment-page-1/#comment-2335 Mike Fri, 11 Dec 2009 16:06:15 +0000 http://jubakpicks.com/?p=2367#comment-2335 Jim, I'm a contractor and we buy and sell a lot of equipment at Ritchie Bros. They are truly an amazing organization. Their Phoenix auction has grown in size, scope and frequency for years and I have seen no slow down. I haven't reviewed their financials (so I can't comment on the stock or its value), but subjectively this is an excellent company. Also they are way ahead of the curve in technology. They are not a 19th century business model; a large percentage of their sales are based on the internet. They were quite early to move toward online auctions. I can speak from experience, it is very frustrating to be at the auction site and get outbid by "the internet". Jim,

I’m a contractor and we buy and sell a lot of equipment at Ritchie Bros. They are truly an amazing organization. Their Phoenix auction has grown in size, scope and frequency for years and I have seen no slow down. I haven’t reviewed their financials (so I can’t comment on the stock or its value), but subjectively this is an excellent company. Also they are way ahead of the curve in technology. They are not a 19th century business model; a large percentage of their sales are based on the internet. They were quite early to move toward online auctions. I can speak from experience, it is very frustrating to be at the auction site and get outbid by “the internet”.

]]> By: EdMcGon http://jubakpicks.com/2009/12/03/buy-ritchie-bros-auctions-rba/comment-page-1/#comment-2139 EdMcGon Fri, 04 Dec 2009 13:01:07 +0000 http://jubakpicks.com/?p=2367#comment-2139 Sorry Jim. This one doesn't excite me. A 19th century business model applied to 21st century technology? Limited upside potential. Your Lynas call was better. Sorry Jim. This one doesn’t excite me. A 19th century business model applied to 21st century technology? Limited upside potential.

Your Lynas call was better.

]]> By: andante http://jubakpicks.com/2009/12/03/buy-ritchie-bros-auctions-rba/comment-page-1/#comment-2136 andante Fri, 04 Dec 2009 04:25:41 +0000 http://jubakpicks.com/?p=2367#comment-2136 Please take this in the light hearted vein that it is meant. Your mention of and arguments for an "all weather" stock reminded me of a quote from F. Scott Fitzgerald: "The test of a first-rate intelligence is the ability to hold two opposing ideas in the mind at the same time and still retain the ability to function." Please take this in the light hearted vein that it is meant. Your mention of and arguments for an “all weather” stock reminded me of a quote from F. Scott Fitzgerald:
“The test of a first-rate intelligence is the ability to hold two opposing ideas in the mind at the same time and still retain the ability to function.”

]]> By: viwi http://jubakpicks.com/2009/12/03/buy-ritchie-bros-auctions-rba/comment-page-1/#comment-2128 viwi Fri, 04 Dec 2009 00:07:25 +0000 http://jubakpicks.com/?p=2367#comment-2128 Jim, I am kind of skeptical about this stock. I did not look into the depth of your analysis, but one thing that worries me is that this stock is essentially flat over the last 3 years or so. Which somewhat makes me believe that it is resistant to growth. I know that the past history is not a good indicator of the stock's future, but ... At the best, this stock is expected to grow by 20% over the next year. Does not look that exciting to me. Jim,

I am kind of skeptical about this stock. I did not look into the depth of your analysis, but one thing that worries me is that this stock is essentially flat over the last 3 years or so. Which somewhat makes me believe that it is resistant to growth.

I know that the past history is not a good indicator of the stock’s future, but … At the best, this stock is expected to grow by 20% over the next year. Does not look that exciting to me.

]]> By: becalmed http://jubakpicks.com/2009/12/03/buy-ritchie-bros-auctions-rba/comment-page-1/#comment-2127 becalmed Fri, 04 Dec 2009 00:02:47 +0000 http://jubakpicks.com/?p=2367#comment-2127 RBA is certainly a well-run company -and has done well to keep 10% or so growth going from 2007-10 (if the analysts are right). To justify $30 a year from now, I think RBA will not only have to beat , as Jim predicts, but raise. The raise could well come from stimulus money finally coming unstuck from the bureaucracy, but perhaps the stock is better seen as a call option on the Obama jobs summit - if Washington decides to do something about jobs in time for the 2010 midterms, you'll be glad to be long RBA RBA is certainly a well-run company -and has done well to keep 10% or so growth going from 2007-10 (if the analysts are right). To justify $30 a year from now, I think RBA will not only have to beat , as Jim predicts, but raise. The raise could well come from stimulus money finally coming unstuck from the bureaucracy, but perhaps the stock is better seen as a call option on the Obama jobs summit – if Washington decides to do something about jobs in time for the 2010 midterms, you’ll be glad to be long RBA

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