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=================== (BELOW - SAVED PICK FOR FUTURE PUBL.
(12/14/07)
) =========================
Ritchie Bros. Auctioneers (NYSE: RBA)
is an auctioneer of
industrial equipment operating from over 110 locations, including 29 auction
sites, in 25 countries around the world.
RBA sell,
through unreserved public auctions, a broad range of assets, including trucks
and equipment used in the construction, transportation, mining, forestry,
petroleum, material handling, marine and agricultural industries.
RBA customers
are primarily end users of equipment (retail buyers), such as contractors, and
they also include equipment manufacturers, dealers, brokers and finance
companies (wholesale buyers). Consignment volumes at
RBA auctions
are affected by a number of factors, including regular fleet upgrades and
realignments, financial pressure, mergers and acquisitions, retirements,
inventory reductions and the completion of major construction and other
projects.
The auction segment of the global industrial equipment marketplace is highly
fragmented but growing.
RBA's primary
target markets within the global industrial equipment market are the used truck
and equipment sectors. Industry analysts estimate that there is approximately $1
trillion of used industrial equipment of the type
RBA sell in
circulation worldwide, and that around $100 billion of that equipment changes
ownership each year. Of this total, only a fraction is currently traded through
auctions, with the majority being sold directly by the owner or through dealers
and brokers. Much of the equipment that
RBA sell can
be used in multiple industries and in diverse geographic locations.
RBA gross
auction sales were $1.79 billion for the year ended December 31, 2004, which is
15% higher than in 2003, and represents less than 2% of the total market.
RBA held its
first major industrial auction in 1963, selling over $600,000 worth of
construction equipment in Radium, British Columbia. By 1970,
RBA had
established operations in the United States and held its first U.S. sale in
Beaverton, Oregon. In 1987,
RBA held its
first European auctions in Liverpool, U.K. and Rotterdam, The Netherlands and
its first Australian auction in 1990. This was followed by expansion into Asia
and subsequent sales in countries including Japan, the Philippines and
Singapore.
RBA's first
Mexican auction was held in 1995 and its first Middle Eastern auction in Dubai,
U.A.E. in 1997. In 2003,
RBA held its
first African auction in Durban, in the Republic of South Africa, and its first
Greek auction, in Athens.
RBA also
established a presence in Brazil, Istanbul (Turkey), Beijing (China), Jakarta
(Indonesia), Tehran (Iran), and New Delhi (India).
The
stock's price gained 14.4% over the past 3 months (vs. the Industry's -9.9%);
26.2% over the past 6 months (vs. the Industry's -8.2%); and 51.0% over
the past 12 months (vs. the Industry's 38.4%).
RBA
is classified as a
mid-cap growth company (with a market cap of $2.64B) that is rated to
outperform the market over the next six months with a Risk Level of 2 (Less than
average).
RBA was
incorporated in Canada in 1963 and its principal executive offices
are located at Richmond, British Columbia.
RBA has
907 employees.
Sector:
Services; Industry:
Retail (Specialty); Ticker:RBA;
Exch:
NYSE;
02/08/08 Closing Price: $84.19
STOCK GRADE (ASG): 52.79 (
VERY GOOD)
BUSINESS & FINANCIAL SUMMARY;
KEY STATS
(Yahoo)
EXPANDED BUSINESS DESCRIPTION
(Reuters)
STOCK INFO/RESEARCH
(MSN)
COMPETITORS
(CNN Money)
OWNERSHIP
(MSN)
KEY DEVELOPMENTS
(MSN),
RECENT NEWS
(MSN) &
HEADLINES (Yahoo)
HISTORICAL PRICES (Yahoo)
&
PRICE CHART
(IQChart)
RISK LEVEL: 2
(Less than average)
(MSN)
COMPANY'S WEB SITE
|
Management's Effectiveness (Trailing
12 Mo.) |
. . . |
Return on Equity: |
17.47% |
|
Profitability (Trailing
12 Mo.) |
. . . |
Profit Margin: |
22.73% |
|
Stock's Growth Record
(Trailing
12 Mo.) |
. . . |
Revenue: |
22.77% |
|
. . . |
EPS: |
6.42% |
|
. . . |
Price: |
44.58% |
|
. . . |
Dividend: |
NA |
| PE & EPS (Trailing 12 Mo.) |
. . . |
Price/Earnings: |
42.82 |
|
. . . |
Earnings/Share: |
1.97 |
|
Price / Share (Pick Date, Closing Price) |
. . . |
Pick Date 02/08/2008: |
$84.19 |
COMMENT: The stock's pick price (of $84.19) is over the 13- and 50-day EMA price range; i.e.,
higher than
the 13-day EMA price
(of $81.25)
and 50-day EMA (of $78.28) by3.62% and 7.56 respectively. This suggests that the pick price
is
presently NOT timely NOR advantageous buy
price for the stock. (Note: A stock's EMA price changes with
time).
|
. . . |
|
|
| Price
/ Share (13-day EMA) |
. . . |
02/08/2008: |
$81.25 |
| Price
/ Share (50-day EMA) |
. . . |
02/08/2008: |
$78.28 |
| Price
/ Share (13-day EMA) |
. . . |
|
Current:
|
| Price
/ Share (50-day EMA) |
. . . |
|
Current: |
| Price
/ Share (Current) |
. . . |
Current Price |
Quote |
| Price
/ Share (Historical) |
. . . |
Historical Price |
Quote |
SPECIAL NOTE:
1. Ritchie
Bros. Auctioneers announces record-breaking $3.18B 2007 gross auction
proceeds.(Business Wire,
December 20, 2007).
2. Ritchie Bros. Auctioneers results show continued strength with record
9-month performance of $59 million.
(SmartBrief;
October 30, 2007).
3.
Analysts boosts Ritchie Bros. 12-month share target to $80 from $72.
(Seeking
Alpha; November 1, 2007).
4. Ritchie Bros. gets richer in stellar growth year; company breaks sales volume
records. Article also describes the company's business approach.
(The Vancouver Sun; December 21, 2007)
5.
Report names Ritchie Bros. among key investment opportunities in Canada's
infrastructure and
construction boom.
(CNW
Group; January 8, 2008).
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