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!
1) Vroom is not an auction Stoney. It's the sexy sister of Carvana if anything.
2) Those lots are storage facilities for cars they broker between various parties. As such, you don't buy 100 acres of prime retail land next to a country club in major cities to store cars. You buy the cheap land zoned for mixed use commercial
warehouse/distribution.
3) You know I like digging into old stocks, and I'm sure you must have played something that had to do with headlight dimmers... but I couldn't find anything.
But since I do like reading about that stuff:
From the "who really cares VZ?!" department...
GM was the first. The Autronic Eye
There have many other iterations since. Most done by the major automakers.
Citroen had some cool headlight stuff early on.
They actually had a lot of cool innovations that never really panned out.
Imagine when you apply your brakes to stop.... using the dissipation of that energy via spinning brake calipers to compress air inside a tank. Then when its time to go, instead of using gasoline for the first few seconds of acceleration, the time of max inefficiency for an internal combustion engine, you use that compressed air to get the car rolling. Gotta give the Frogs credit on that one. Pretty slick. Kinetic to potential energy. EV's do the same thing basically, except instead of charging a tank with air, that energy dissipation is used to charge the batteries a little.
+++++++++++++++
Re $ABB... who gave up on ABB lol?!
Not me.
Just because I don't boldface and trumpet the damn thing every-time it breaks 2% in a day...
$ABB remains a plank in the Gummies-4-Grandma portfolio.
It doesn't go anywhere fast though.
Thing about
$PWR Stoney, its more of a grid pure-play, I mean if there is such a thing in that sector.
Had New England suffered mass power outages this weekend from Henri (
speaking of frog names) ... $PWR bucket trucks and linemen would be on the scene w/i 24 hours getting the lights back on. Obviously there's more to the company than that, but... its a good solid stock. The kind PM's like.
Quantum Services.
$PWR
$95
If we ever have another market crash... load up on the cheap.
