B Riley Bites the Dust
As repeatedly forecast here, B Riley Financial ($RILY) fell off a cliff this morning with its stock trading down nearly 50% pre-market after pre-announcing a $435-475 mm quarterly loss (that will wipe out its equity) and a widening investigation of its relationship with failing company Franchise Group (FRG) & its defrocked CEO Brian Kahn. The company ex…
Keep reading with a 7-day free trial
Subscribe to The Credit Strategist to keep reading this post and get 7 days of free access to the full post archives.