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B. Riley Financial: $1.61 Billion In Ample Liquidity, Dividend Declared, And Short Squeeze
RILYB. Riley Financial(RILY) Seeking Alpha·2024-05-18 14:50

LPETTET If you had to take away one figure from B. Riley Financial's (NASDAQ:RILY) fiscal 2024 first-quarter earnings it would have to be its total cash and investments balance of 1.61billion.Thefinancialservicesfirmisalsosettofullyredeemits6.751.61 billion. The financial services firm is also set to fully redeem its 6.75% Senior Notes Due 5/31/2024 (NASDAQ:RILYO) at the end of May, reducing the number of its public trading baby bonds to six. I own a substantial position in the 5.25% Senior Notes Due 08/31/2028 (NASDAQ:RILYZ) with these currently trading nearly 9 below ...