B. Riley Financial Announces Pricing of Senior Notes Offering
- Press Release
I, Jimmy Baker , 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 07/25/2011 with a "Buy" Rating and Price Target of $45.00
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Litigation - The nature of the company's products makes it vulnerable to safety-related lawsuits.
Weakening Retail Demand - Should marine industry retail demand weaken materially, our estimates and investment thesis could be at risk.
Regulatory Risk - Should tax policy be restructured in such a way that it removes the second home mortgage deduction on qualifying boats or otherwise increases the tax obligation associated with boat ownership, it could negatively impact boat sales and, potentially, boating participation.