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  "documentTitle": "B. Riley Financial, Inc. (RILY)",
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  "authorName": "Wolfpack Research",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2023-02-14 00:00:00",
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  "notes": "Includes a bar chart showing a spike in net issuance of senior notes following the National acquisition.",
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      "text": "It appears to us that RILY has been using the billions it has in assets under management like a personal piggybank by selling its baby bonds to retail wealth management clients.",
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      "text": "Up and better. We took -- we made some I think bold decisions to get the right people in place and managers that we didn't think aligned with our philosophy or were -- it didn't make sense for us.",
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      "text": "RILY acquired Targus in Q3 paying $250 million for a business that reportedly does over $400 million in annual revenue.",
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      "text": "The Targus and Deal Raises Additional Questions",
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      "text": "A - Phillip Ahn {BIO 7098490 <GO>}",
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