Wednesday, October 29, 2008

Auctioneers set to win when economy falters (RBA)

From the Financial Post:
Tough economic times are often boom times for auctioneers like Ritchie Bros. Inc., says Blackmont Capital Inc. analyst Avi Dalfen, who is expecting an 18% growth in the company’s auction revenue when it reports its third quarter results, offset by higher expenses for future growth.
“RBA is increasing its penetration of the global used equipment marekt, estimated at more than US$100-billion,” Mr. Dalfen says in a note to clients....MORE