Ritchie Bros. Auctioneers (RBA)

Ritchie Bros. Auctioneers (RBA)

Postby winston » Tue May 24, 2016 7:44 pm

not vested

THIS 'PICKS AND SHOVELS' COMPANY IS BREAKING OUT

Today, a bit of kudos for our resource expert Matt Badiali...

In January, Matt returned from a trip to Abilene, Texas to see how low oil prices were affecting the oil-rich Permian Basin. He described seeing a "graveyard of inactive oil-drilling rigs"... and suggested that Vancouver-based auction house Ritchie Bros. Auctioneers (RBA) would stand to benefit from the uptick in used-equipment sales.

Ritchie is a global leader in its industry. The company has grown from less than $100 million in gross auction proceeds in 1980 to around $4.3 billion in 2015. In short, when oil prices rise, so does demand for used equipment. And that means bigger sales and more profits for companies like Ritchie Bros.

As you can see from the following chart, not only was Matt's call spot-on... but his timing was, too. Since publishing the essay on January 15, RBA shares are up more than 45%, recently hitting their highest level in more than seven years...

Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Ritchie Bros. Auctioneers (RBA)

Postby winston » Tue Jul 12, 2016 8:12 pm

Heavy-equipment auctioneer Ritchie Bros. Auctioneers hits a new high… up nearly 60% since mid-January.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: Ritchie Bros. Auctioneers (RBA)

Postby winston » Thu Sep 01, 2016 9:10 pm

Heavy-equipment auctioneer Ritchie Bros. Auctioneers hits a new all-time high.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: Ritchie Bros. Auctioneers (RBA)

Postby winston » Thu Sep 01, 2016 9:10 pm

Heavy-equipment auctioneer Ritchie Bros. Auctioneers hits a new all-time high.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: Ritchie Bros. Auctioneers (RBA)

Postby winston » Fri Dec 09, 2016 9:25 pm

not vested

THIS LITTLE-KNOWN RESOURCE COMPANY IS SURGING

Today, an update on one of resource expert Matt Badiali's best calls of the year...

Back in January, Matt returned from a trip to Texas, where he witnessed the toll that low oil prices were taking on the area. He told Growth Stock Wire readers that one company was set to benefit from the "graveyard of inactive oil-drilling rigs" he saw there.

He was talking about Ritchie Bros. Auctioneers (RBA). As long as oil prices remained low, many oil producers would be forced to sell their unused equipment. The more equipment that changed hands, the more money made its way into the pockets of Ritchie Bros. (and its shareholders).

As you can see from the chart below, Matt's call was spot-on. Since his essay in mid-January, RBA shares are up nearly 80%. Earlier this week, they hit an all-time high. Kudos to Matt on the impressive call...

Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Ritchie Bros. Auctioneers (RBA)

Postby winston » Tue May 05, 2020 11:47 am

not vested

Ritchie Brothers was founded by three brothers that inherited a furniture store business from their father.

It also came with lots of debt and they needed cash quickly during a tough time.

They came up with an auction and cleared their debt, raised lots of cash and their business was born.

During the good times, it auctions business and industrial equipment that is in demand online and in person providing quick and cheaper access to goods that are needed in place or in the field in quick order.

And during bust times, it liquidates all sorts of stuff on behalf of businesses or their lenders and again collect lots of fee income in doing so.

Source: Daily Trade Alert
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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