... when the market crashed in 2008, it took the mom & pop construction company with it. They borrowed money to finance NEW equipment for NEW jobs, then it all stopped.
* NO JOBS, NO WORK *
can't make that lease/loan payment ? ... equipment gets REPO'd!!!
Ritchie Bros current INVENTORY: (their loss, $RBA's gain)
- Construction Equipment (21251)
- Transportation Equipment (9443)
- Support and Consumer Items (9189)
- Agricultural Equipment (4254)
- Asphalt/Aggregate/Concrete (3753)
- Lifting and Material Handling (1923)
- Oil and Gas (1104)
- Mining (956)
- Utility and Power (540)
- Forestry (207)
- Property (Real Estate) (42)
- Marine (41)
risk: used equipment market is still weak.
reward: stock acted well during this week's sell-off. *
November 1st was a 15 month low, chart shows capitulation ... BUY!
*14%+ SHORT INTEREST
full disc: no pos, yet.
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