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Articles by Don Miller
#ecommerce #economics #markets #freight #trucking
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OPINION: RECT Gaining and Losing Ground
As 2024 becomes 2025, this is a great time for reflection and review. In the past year, the RV industry almost returned to “normal,” at least regarding repair event cycle times (RECT). Average 2024 cycle times have been the fastest since 2020 and are only about a week longer compared with 2018-19. In some areas, dealers improved RECT times to below pre-pandemic levels.
Opinion: First Quarter Shows RECT Improvements
Before we can look at the current state of repair event cycle time (RECT), let’s go down memory lane and look back at where we were when we started tracking cycle times at RV dealerships across the U.S. In 2018, average RECT for all work orders we reviewed was just 26 days. I say “just” because last year the average RECT jumped to 41 days. So far this year, RECT is averaging 45 days.
Dune Acquisition Co. (NASDAQ:DUNE – Get Rating) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 24,700 shares, an increase of 31.4% from the June 15th total of 18,800 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 58,200 shares, the days-to-cover ratio is presently 0.4 days.
Don Miller Trading Journal
If it isn't blatantly obvious by now, I have a significant trading and poker playing Achilles heel, and it reared its ugly head again at Foxwoods last night. What is it? I don't start very well and play terribly when "ahead". And that's not a defeatist comment by someone who doesn't understand the value of positive self-talk -- rather it's a flat-out objective truth. I don't know why I'm wired this way, but I am. My trip to Foxwoods last night was yet another case in point.
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