50% off Premium Yearly

TSE:RBA
This summary was created by AI, based on 2 opinions in the last 12 months.
RB Global, Inc. (RBA-T) has garnered positive attention from experts, particularly due to its active involvement in mergers and acquisitions (M&A). Since its IPO about 14-15 years ago, the company's stock has demonstrated strong long-term performance, albeit with typical market fluctuations. The current K-shaped economy presents an advantageous context for RB Global, as struggling businesses sell off while successful companies pursue acquisitions at lower valuations. Experts anticipate that RB Global will report solid financial results in the coming years, with the expectation of a compounded return of around 10-12% since its IPO two decades ago. This cyclical nature of the company, combined with its successful integration of acquisitions, makes it an attractive proposition for investors willing to navigate its inherent volatility.
They do a lot of auctions of mining and forestry equipment. Scores high on price momentum and valuation. They beat on their last quarter. The balance sheet is in great shape. A little expensive on a free cash flow basis. The downturns in the industrial sector can actually be good for this company. Dividend yield of 2.4%.
This one has gone sideways for about the past 5 years. Although there are no barriers to entrance into their business, they are the largest auctioneer of industrial equipment globally. Thinks they are larger than the next 50 competitors combined. There is about $200 billion of used equipment that transacts every year but they only have about a 2% market share. This gives them a tremendous run way for growth. Just finished a CapX program to build a lot more permanent auction sites so they can now focus on filling those sites and he can see double digit earnings, cash flow and dividend growth. Yield of 2.47%.
(Market Call Minute) He is watching it. It is a good business and will benefit from a weaker or stronger economy.