- I can't believe how cheap MedMen is. They will have a decent presence in NY if it all works out. Mid month Tillray made an investment stk jumped a bit from 27 cents. Worth watching.
- @.30 MMNFF
- Cantor Fitzgerald has upgraded MedMen Enterprises (OTCQB:MMNFF+32.5%) after Tilray (TLRY+5.6%) announced on Tuesday that it acquired a majority of convertible notes giving it a significant equity position in the former subject to federal legalization of cannabis.
- “Momentum is shifting for MedMen,” the analyst Pablo Zuanic wrote, citing a range of factors, including the Tilray deal and $100M equity investment announced by the company at the same time yesterday.
- Zuanic upped his recommendation to neutral from underweight with the 12-month price target implying a premium of ~11.1% to the previous close.
GBA's "2021 Stock Phantasma"
- Thread starter stonedinvestor
- Start date
You do this just to get a response out me don't you?
You know damn well who brought the used car auction plays into this thread....
"You've been thinking about them" because VZ brought the Phantasma the best of breed.
The company that invented on-line vehicle auctions.
++++++++++++++++++++++++++++++++++++++
There is only one play here....
Copart before earnings.
+++++++++++++++++++++++++++++++++++++++++++
Copart, Inc. is a global provider of online vehicle auction and remarketing services to automotive resellers such as insurance, rental car, fleet and finance companies in 11 countries: the US, Canada, the UK, Germany, Ireland, Brazil, Spain, Dubai, Bahrain, Oman and Finland.
Headquartered in Dallas, Texas, Copart has over 200 physical locations around the world, where it houses more than 8,000 acres of vehicle inventory.
Copart sells used, wholesale and salvage vehicles in weekly and bi-weekly online auctions to buyers ranging from consumers to automotive businesses around the world. Copart provides vehicle sellers with a range of services to process and sell salvage and clean title vehicles over the internet, using its patented virtual auction technology.
Copart’s buyers are mostly used vehicle dealers, dismantlers, rebuilders, exporters and consumers.
Founding
Copart was founded in 1982 by Willis J. Johnson, then a 34-year-old with ten years of experience in the auto salvage business, in Vallejo, California.
(****He was an early internet geek Stoney. Like Jobs, Gates, McCafee, Ellison... but he was a junk-man!
) Willis Johnson began expanding Copart in the early 1990s through private loans and equity. By the early '90s, the company had grown to four locations in northern California; and by March 1994, it had added another eight new facilities in Oregon, Washington, and Texas, culminating in the acquisition of the largest volume seller of salvage in the United States, North Texas Salvage Pool of Dallas, Texas.
Going public
On March 17, 1994, Copart had its initial public offering (IPO) at $12 per share and debuted on the NASDAQ under the symbol "CPRT." Copart's IPO of 2.3 million shares of stock provided the company with the means to become a national company.[4]
National expansion
In May 1995 Copart began rapid expansion in the United States with the sizable acquisition of NER Auction Group, doubling its number of facilities around the country. Copart would continue to grow via acquisitions and founded six new locations from July 1995 to July 1996. With locations spread out coast-to-coast in the United States, Copart shifted tactics and began to procure regional and national contracts with the nation's leading insurance companies to grow a nationwide chain of facilities.[5] Copart has continued to acquire businesses, including National Powersport Auctions (NPA) in 2017.
Focus on technology
Willis Johnson began developing Copart's information technology in the 1990s.
The first main step in this process was the creation of the Copart Auction System (CAS) in 1997, which was designed to unify and support the growing business as well as allow Copart facilities and sellers to access information, generate reports, and increase operating efficiencies.[3] The next step came in 1998 with Copart's introduction of internet bidding—a departure from the industry standard of local physical auctions.[8] As Internet bidding grew in popularity, Copart developed its online auction platform, VB2, which it implemented in 2003. VB2 technology opened the sales process to registered buyers (members) and sellers worldwide.[7][9] In fiscal year 2004 in North America and fiscal year 2008 in the U.K., Copart discontinued all live auctions and began remarketing vehicles through VB2.[10][11]
Improved online auction platform
In 2013, Copart upgraded their VB2 technology to a new version dubbed VB3. This version supported the latest browsers, eliminated the need for plugins and supported mobile interactivity.[12] Copart now sells more than one million vehicles each year through VB3 technology.[8][13]
International expansion
By 2003, the company grew to 100 locations across the country and became the first to launch a completely online auction model.
Today, Copart has over 200 locations in 11 countries. A Canada yard opening marked the first international expansion in 2003.[15] By 2007, Copart expanded its footprint overseas to the United Kingdom. In 2012, Copart began expanding to the United Arab Emirates, Brazil, Bahrain, Oman, Spain, Ireland and Germany. Copart also expanded into Finland in 2018 with the acquisition of Autovahinkokeskus (AVK). [16] Additionally, the CashForCars.com brand launched in Canada in 2018, Germany in 2019 and the United Kingdom in 2020 with CashForCars.ca, CashForCars.de and CashForCars.co.uk.
Copart is in India now! They have opened the Copart Technology Center (CITC) in Hyderabad year 2017. They are currently building our team with 900 and plan to expand to 1500 Full Time Employees by the end of 2022.
Our domains include Software Development, mostly in JAVA or J2EE, Quality Assurance (Manual or Automation), SAP, IT Technical Support, NOC (Network Operations Center). Currently located at PSR Prime Towers – 5th Floor, Adjacent to DLF Cyber City, Gachibowli, Telangana.
EDIT:
We'll get back to this later:
Good catch!!!!!!
I want in!!!!!!!!!
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I don't know Van those Copart auctions look pretty baron and spread out and ugly. They just recently went to a new software platform that enables phones... bit late there.
I swear Copart used to be a different company-- can this be the same company? Many many years ago the self dimming headlight? <--
We have been watching the space. Vroom we almost bought VRM- it never took off Bill Miller really liked and pushed it... I'm sure there is something good there- they are considered the sexy sister... I think their tech is probably strong. Richie Bros is old school been around forever... Have tractor auctions etc... I like them for the mix and for the BUSTED IPO... I have found us an incredible perhaps 100% gainer!
I swear Copart used to be a different company-- can this be the same company? Many many years ago the self dimming headlight? <--
We have been watching the space. Vroom we almost bought VRM- it never took off Bill Miller really liked and pushed it... I'm sure there is something good there- they are considered the sexy sister... I think their tech is probably strong. Richie Bros is old school been around forever... Have tractor auctions etc... I like them for the mix and for the BUSTED IPO... I have found us an incredible perhaps 100% gainer!
Rumor Monday FED ok on Pfizer.... Not Moderna's yet... or is there a problem?Don't tell me please.
Looks boring. What ever happened to ABB? Van you give up too easy. ABB has been flat for a month or more but that doesn't mean it was a bad idea!
Stay Strong!- ABB
I've gotten a few emails on this-YOU ARE WELCOME!!!!!
Surgalign Holdings, Inc. (SRGA)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
$1.3300+0.1700 (+14.66%)<----------
At close: August 20 4:00PM EDT
JESUS CHRIST!
TaskUs, Inc. (TASK)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
49.42+3.25 (+7.04%)<---------
At close