Value Stocks Episode 16 – Ritchie Bros. Auctioneers
Summary:
Ritchie connects buyers and sellers through their 40 operational auction sites in more than 13 countries
- Currently Ritchie Bros. is the largest live auction company in the world and claims approximately a 20% market share
Over 80% of their business is derived from live auctions and only 17% is derived from online marketplaces
In this episode, Alex discusses Ritchie Bros Auctioneers (NYSE: RBA). Ritchie Bros is an auction service company that primarily focuses on marketing their services to industrial equipment owners and buyers from the oil & gas, mining, agriculture, government and other related industries.
Current market cap for Ritchie Bros is $3.6 billion with an enterprise value of $4.2 billion and a trailing PE 30. The stock is currently trading at a share price of around $33 on the NYSE down from a 52-week high of $38
Alex currently does not have a position in Ritchie Bros and rates it a 7 out of 10. I hope you enjoy the episode
Welcome to StockWriteUps.com! My name is Alex Middleton and I am from Calgary, Alberta. I believe investing requires one to carefully study publicly available information in an attempt to develop a thesis based on reason and logic. It also requires one to properly account for the unknown by applying probabilities and margin of safety to their thesis. I hope you enjoy the content!