| Account | Shares | Price | Value | % of acct | Cost/sh | Gain $ | Gain % | Target |
|---|---|---|---|---|---|---|---|---|
| 401K | 4 | $83.21 | $333 | 0.01% | $105.70 | $-90 | -21.3% | — |
In short: "I love this business. We own it." Dominant, AI-resilient heavy-equipment auctioneer (physical + online); the market misprices its cyclicality. ~15× EBITDA for a ~30% margin, dominant business — "a pretty obvious long-term winner."
RB Global is the dominant auctioneer of used heavy equipment — construction machinery, trucks and the like — both at physical yards and online. It's a business AI can't disrupt; it just matches buyers and sellers and takes a cut.
The market overreacts to its lumpy, cyclical auction volumes. At roughly 15× earnings for a dominant business with ~30% margins, he calls it "a pretty obvious long-term winner" over the next five years.
43:36Um what what do you think about the long-term prospects of this kind of business? — I love this business. Uh we own it. Um you know, it's to your point, it's a heavy equipment auctioneer. So, think of anything from excavators to backhoes to you know, in- industrial trucking and machinery and and farm crop harvesters.
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Verbatim excerpts from the public transcripts (auto-pulled at each mention's timestamp, lightly cleaned). Timestamps link into the video; "source page" opens that commentator's full analysis at this row. Click a mention's header line to expand it (one open at a time). For personal study — not investment advice.