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Message Boards Settings Ritchie Bros. Auctioneers Incorporated - Quote Info
Re: Price target cut by R James     22-Oct-09 11:45 am    
I don't buy the Market maker theories, etc etc. It is simply that RBA is pricey at 23x next years eearnings. It is now rare that you see "Record Gross Auction Sales" in their PR releases. Orlando was $10 M under last year. Hard to tell if other auction (with no PR such as the mining dispersal) made up the slack. I think they are just treading water here. Absolutely no feel for what the earnings will be. One + is that they increased the dividend by a full cent (11%) indicating that they feel good about the whole year and future. By market can be fickle - holders can get tired of waiting even though long term prospects are good. This is a "boring" stock. There can be no big surprises as in other industries.
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  Subject Author Rating Time of Post (ET)  
 
Per WSJ- price target cut from 28 to 25. This is the li...
donpaulpara... Rate it 14-Oct-09 12:03 pm  
 
Lemming behavior never ceases to bewilder me.
treble20022... Rate it 14-Oct-09 01:08 pm  
 
Lack of price rise IMO is because at 23-24x f...
bellbell63 Rate it 16-Oct-09 09:09 am  
 
You were right Bell. Looks like there mi...
mori_cnc_gu... Rate it 19-Oct-09 06:27 pm  
 
Pretty strong volume again today. F...
mori_cnc_gu... Rate it 20-Oct-09 07:31 pm  
 
Re: Price target cut by R James
bellbell63 Not rated 22-Oct-09 11:45 am  
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Ritchie Bros. Auctioneers Incorporated (RBA)

Chart for Ritchie Bros. Auctioneers Incorporated (RBA)
At 4:07PM ET: 22.60 Down 0.11 (0.48%)
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