After attending another RBA sale last week, one really wonders how can they continue to sell equipment at this pace and these numbers?
Equipment sold at least 10% above my projections and sold in state, with very little internet buyers. One wonders if RBA really did inpections and oil samples what some of the higher end items would bring? My guess alot more due to internet participation.
In addition its Simply a spectical to be at a live sale. Its almost carnival like in nature, and people seem to be happy to spend money on equipment they dont even have a job for !
This company really is a class act, my position will increase this month. The bottom line is, as the world economy continues to weaken RBA sales volume and commissions will rise. Thus one stellar Fourth quarter.
The CEO ?????????? AAC, who gives a flying F*** about AAC. As I posted over two years ago on the AAC message board. AAC, is nothing but a penny stock, with its future in auctions limited. This is the RBA board lest talk about RBA, not some garbage penny stock like AAC.
At $20 RBA has forward P/E of 20. Historically low for RBA (but not for entire mkt however). But how many companies these days can still stick to 10% top line and 15% bottom line guidance. Think that the baby is being thrown out with the water here.
I see you RBA guys have set up camp on the AAC site. Bashing it into the ground! You should be shot dead! People like you are the reason I don't put money in this unregulated p.o.s. market anymore! The SEC is completley worthless! I'll bet they don't even show up to work anymore.
And I wonder how many of the lots were minimum guaranteed by RBA for higher commissions. If prices were higher than you expected then that can have a lot of leverage if nervous buyers took RBA guaranteed - or eqpt that RBA purchased outright and will make more than their usual 9-10%.