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Ace's Stocks Aces Growth Stock Market Investment Trading Info Systems, Value Equities Performance Picks.

 

  ===================  (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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  Last modified: 05/09/09