3 Reasons Why B. Riley Looks Like a Strong Buy
Would you be interested in a diversified financial services stock that has gained more than 300% during the past three years, 2,000% over the past decade, and has been returning a ton of cash to shareholders? Then consider B. Riley Financial (NASDAQ: RILY). Here are three reasons its stock looks like a strong buy.
B. Riley operates across a wide array of segments within financial services, including investment banking and capital markets, wealth management, auctions and liquidations, and financial consulting. It also manages what it calls its principal investments: a communications segment that consists of telecom brands it owns including well-known internet service providers Juno and NetZero, and internet-based phone service magicJack. It has also acquired stakes in a portfolio of apparel brands such as Hurley, Limited Too, and Nanette Lapore. Most recently, B. Riley made headlines for its (rejected) offer to acquire recreational-vehicle dealer Lazydays Holdings (NASDAQ: LAZY).
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Source Fool.com
