Ritchie Bros Auctioneers Inc. (RBA-T) Stock Predictions - Stockchase
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Ritchie Bros Auctioneers Inc. (RBA-T)

ON STOCKCHASE SINCE May 2008

heavy equipment auctioneer

specialty stores

Ritchie Bros Auctioneers ...

RBA-T

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Ritchie Bros Auctioneers Inc. (RBA-T) SAVE Apr, 19, 2019, 7:21 am

46.67 0.51 (1.1%)

About Ritchie Bros Auctioneers Inc. (RBA-T)

Ritchie Bros. Auctioneers is an industrial auctioneer. The company is headquartered in Burnaby, a suburb of Metro Vancouver, and has 110 locations in 25 countries and 44 auction sites worldwide. More at Wikipedia

What the experts are saying about RBA-T



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BUY

Pays a modest dividend. Stock has performed well. The auction business is performing well, while a good economy is helping them.

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Pays a modest dividend. Stock has performed well. The auction business is performing well, while a good economy is helping them.

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Douglas Kee

Chief Inve, Leon Frazer & Associ...

Price Price
$42.780
Owned Owned
Unknown

COMMENT

He hasn’t done a seasonal analysis on this one. But right now he would like to see this broken down trend. If it keeps going down, why trying to catch a falling knife. You want to see the stock moving sideways preferably and then ask yourself what is the point to get in. Something else is going, on. This stock should have done better this year.

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He hasn’t done a seasonal analysis on this one. But right now he would like to see this broken down trend. If it keeps going down, why trying to catch a falling knife. You want to see the stock moving sideways preferably and then ask yourself what is the point to get in. Something else is going, on. This stock should have done better this year.

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Brooke Thackray

Research A, Horizons ETFs (Canad...

Price Price
$37.080
Owned Owned
Unknown

BUY

This has been performing like a champ. There has been quite a lot of equipment auctioned off over the last couple of years in Western Canada. It has run up a lot, so it could check back, but there is no reason not to be interested in this company.

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This has been performing like a champ. There has been quite a lot of equipment auctioned off over the last couple of years in Western Canada. It has run up a lot, so it could check back, but there is no reason not to be interested in this company.

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David Burrows

President , Barometer Capital Ma...

Price Price
$51.220
Owned Owned
No

PAST TOP PICK

(A Top Pick Sept 8/15. Up 30.34%.) Interesting in that up until a few days ago, he probably would have been down. One of the leading auction houses for industrial equipment. They just did a large transaction where they are buying an online auction house for $750 million, and financing it primarily with debt and cash on hand.

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(A Top Pick Sept 8/15. Up 30.34%.) Interesting in that up until a few days ago, he probably would have been down. One of the leading auction houses for industrial equipment. They just did a large transaction where they are buying an online auction house for $750 million, and financing it primarily with debt and cash on hand.

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Jason Mann

CIO & Co-F, Edgehill Patners...

Price Price
$45.440
Owned Owned
Yes

HOLD

(Market Call Minute) He needs to do more work on it.

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(Market Call Minute) He needs to do more work on it.

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Michael Simpson

Senior Vic, Sentry Investments...

Price Price
$35.200
Owned Owned
Unknown

COMMENT

Because of the uniqueness of the company, it has always been very expensive. This goes with cycles when there is used equipment on the market and there are liquidations, etc. Growing globally, and Canada is just a small part of their operations. Wait for a significant miss or earnings warning before buying this.

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Because of the uniqueness of the company, it has always been very expensive. This goes with cycles when there is used equipment on the market and there are liquidations, etc. Growing globally, and Canada is just a small part of their operations. Wait for a significant miss or earnings warning before buying this.

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Stephen Takacsy

Chief Inve, Lester Asset Managem...

Price Price
$43.110
Owned Owned
No

PAST TOP PICK

(A Top Pick May 14/15. Up 3.6%.) A little expensive on a PE and Price to Book basis, but has very little debt. Really good free cash flow. Dividend yield of around 2.6%.

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(A Top Pick May 14/15. Up 3.6%.) A little expensive on a PE and Price to Book basis, but has very little debt. Really good free cash flow. Dividend yield of around 2.6%.

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Allan Meyer

VP & Portf, Wickham Investment C...

Price Price
$35.270
Owned Owned
Yes

COMMENT

The issue here is really the volumes and the used equipment pricing for most of their heavy equipment they sell. Expects there is further pressure for their volumes to come down. He is Short this, mostly to hedge off some of his Long positions. Thinks the stock is near the top in its valuations and he is looking for a 10% drop.

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The issue here is really the volumes and the used equipment pricing for most of their heavy equipment they sell. Expects there is further pressure for their volumes to come down. He is Short this, mostly to hedge off some of his Long positions. Thinks the stock is near the top in its valuations and he is looking for a 10% drop.

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John Kim

Portfolio , Aston Hill Financial...

Price Price
$33.220
Owned Owned
Yes

PAST TOP PICK

(A Top Pick Sept 8/15. Down 9.87%.) Hasn’t worked out as well, but is still one of his largest holdings in 2 of his funds. Ironically, as markets get harder, auctioneers’ volumes of resales actually pick up. Great balance sheet with no net debt. Score in the top 10% for him on valuation.

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(A Top Pick Sept 8/15. Down 9.87%.) Hasn’t worked out as well, but is still one of his largest holdings in 2 of his funds. Ironically, as markets get harder, auctioneers’ volumes of resales actually pick up. Great balance sheet with no net debt. Score in the top 10% for him on valuation.

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Jason Mann

CIO & Co-F, Edgehill Patners...

Price Price
$31.400
Owned Owned
Yes

PAST TOP PICK

(A Top Pick May 14/15. Down 6. 76 %.) This is still a Buy. Has a free cash flow to enterprise value of over 11%. Very low debt level and a healthy dividend.

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(A Top Pick May 14/15. Down 6. 76 %.) This is still a Buy. Has a free cash flow to enterprise value of over 11%. Very low debt level and a healthy dividend.

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Allan Meyer

VP & Portf, Wickham Investment C...

Price Price
$32.000
Owned Owned
Yes

HOLD

(Market Call Minute) He is watching it.  It is a good business and will benefit from a weaker or stronger economy.

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(Market Call Minute) He is watching it.  It is a good business and will benefit from a weaker or stronger economy.

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Bruce Campbell

President , Stone Castle Investm...

Price Price
$36.130
Owned Owned
Unknown

TOP PICK

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%.

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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%.

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Jason Mann

CIO & Co-F, Edgehill Patners...

Price Price
$35.800
Owned Owned
Yes

PAST TOP PICK

(A Top Pick May 14/15. Down 0.14%.) This still rates very well in his ranking and still looks like very good value. Has decent free cash flow of about 6%. They are earning lots of money to cover their interest payments.

specialty stores
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(A Top Pick May 14/15. Down 0.14%.) This still rates very well in his ranking and still looks like very good value. Has decent free cash flow of about 6%. They are earning lots of money to cover their interest payments.

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Allan Meyer

VP & Portf, Wickham Investment C...

Price Price
$34.170
Owned Owned
Yes

TOP PICK

They sell multimillion dollar items.  It is a bit expensive on a PE basis.  A clean balance sheet and small debt to equity ratio.  They cover their interest by about 25 times.  They have had significant earnings announcement surprises to the upside.

specialty stores
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They sell multimillion dollar items.  It is a bit expensive on a PE basis.  A clean balance sheet and small debt to equity ratio.  They cover their interest by about 25 times.  They have had significant earnings announcement surprises to the upside.

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Allan Meyer

VP & Portf, Wickham Investment C...

Price Price
$34.290
Owned Owned
Yes

TOP PICK

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%.

specialty stores
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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%.

specialty stores
0 0 0 0 0
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Rob McConnachie

Chief Inve, Dixon Mitchell Inves...

Price Price
$20.590
Owned Owned
Yes

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