EVENTS:   Semiconductors: Bubble Burst or Bear Market Trap? - David Scott/CHA-AM Advisors - 17 Sep 26     ROADSHOWS: US, European and Asian Equity Short Ideas - Robert Prather /Vision Research   •     15 Sep - 08 Oct 26      
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Report by Paragon Intel

Paragon Intel has published its Executive Diligence memo on RBA's new CEO Jim Kessler, who took on the role in Aug having been COO since 2020. An approachable and grounded executive, he melds strong financial understanding with an excellent ability to execute, which he will leverage while driving legacy RBA results and the integration of the broadly criticised IAA auto salvage acquisition. Paragon’s research includes interviews with 7 former colleagues who worked with Kessler for >27 years combined (5 were positive and 2 neutral) - sources who worked with him at Caliber Collision were the most positive, followed by RBA and then vRide.

Edition 171 - 13 Oct 23