B. Riley Financial Announces Pricing of Senior Notes Offering
- Press Release
I, Kevin Liu , certify that this report reflects my personal beliefs about this company and that no portion of my compensation was, is or will be directly or indirectly related to the specific recommendations or views discussed in this report.
Initiated Coverage on 06/07/2013 with a "Buy" Rating and Price Target of $9.75
|Ratings Distribution as of May 23, 2017|
|Rating||Number of Companies||Percent of Total||Number of Companies with
Investment Banking Relationships
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• Customer Concentration. Home Depot is the company’s largest customer, accounting for 14.5% of revenues in FY ’12. No other customer accounts for greater than 10% of sales.
• Dual Class Shares. AMSWA has a dual-class share structure in which Class A and Class B shares have equal economic rights, but Class A shares have 1/10 of the voting power of Class B shares. 100% of the Class B shares are controlled by the co-founders of the company, effectively providing the founders with control of AMSWA.