B. Riley Financial: Audit Risk May Have Potential Rewards [Seeking Alpha]
B. Riley Financial, Inc. (RILY)
NASDAQ:AMEX Investor Relations:
ir.brileyfin.com/investor-relations
Company Research
Source: Seeking Alpha
The company's involvement with Brian Kahn and FRG has caused controversy, but there is no evidence of wrongdoing on B. Riley's part. The potential asset sales of Great American and the value of FRG's businesses could generate significant value for B. Riley. 70% short interest could be squeezed if the audit is finalized and asset sales come through. Thesis: Normally, I don't go anywhere near any company that has fraud allegations or any difficulty filing their required financial disclosures. B. Riley ( NASDAQ: RILY ) has both. On March 15th, RILY missed the 15-day grace period to file its 10-K. While this delay is concerning, there are some mitigating issues that should be pointed out. Plus, I believe the company has a reasonable explanation for the delay, and the filing should be coming soon. RILY's core business, BRS, B. Riley Securities, is a broker/dealer primarily focused on small-cap companies. It offers research, sales and trading, and investment banking. The company
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RILY
Sec Filings
- 11/4/24 - Form 8-K
- 10/31/24 - Form 8-K
- 10/30/24 - Form 8-K
- RILY's page on the SEC website