RB Global Inc T.RBA

Alternate Symbol(s): RBA

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RB Global, Inc. is an omnichannel marketplace that provides value-added insights, services and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Through its omnichannel platform, the Company facilitates transactions for customers in primarily the automotive, construction, and commercial transportation sectors. It also serves customers in the agriculture, energy, and natural resources sectors, as well as government entities. Its customers primarily include automotive insurance companies, as well as end users, dealers, fleet owners, and original equipment manufacturers (OEMs) of commercial assets and vehicles. The Company also provides its customers value-added marketplace services, technology solutions for vehicle merchandising, platforms for lifecycle management of assets, and a market data intelligence platform to help customers make more informed business decisions. The Company operates in the United States, Canada and across Europe.

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RB Global Inc > RBA makes money during upheavals

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Post by cleareyeon Jan 20, 2022 3:23am

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RBA makes money during upheavals

An auction company loves the economic upheavals. It makes money as one company buys the equipment of the last company that went under.

RBA is pulling higher again, during the omincron and related government germinated upheavals.

Inflation drives selling prices higher and sales percentages increase. Inflation in equipment is higher than the "7%" construct of government reports. More like 30% of the housing market.

So, it looks like RBA is building another wave up.

cleareye.

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