News
B. Riley News Briefs: April 2013
B. RILEY Is In Top 5 in 2013 Investment Banks List with the Los Angeles Business Journal
B. Riley has been expanding in major financial markets nationwide. The Los Angeles Business Journal recognized B. RILEY'S growth in the Los Angeles County market, listing B. RILEY in the #5 spot in its Annual Listing of Investment Banks published April 15, 2013.
In describing the growth, the Los Angeles Business Journal wrote “B. Riley & Co. acquired brokerage Caris & Co. last year and was also one of only six investment banks nationwide to act as the sole underwriter in a $100 million public stock offering.”
The business journal list ranks firms by the number of investment bankers and total number of employees in LA County offices only. We are proud to note that other offices, including San Francisco and New York, also have experienced notable growth in the last few years.
To view the Los Angeles Business Journal list, please click here. >
B. RILEY 14th Annual Investor Conference: Tech, Consumer Sectors Dominate Presenting Company Line-up
B. Riley has confirmed the company presentation lineup for its 14th Annual Investor Conference, scheduled for May 20-22, 2013 at Loews Santa Monica Beach Hotel.
The nearly 200 public companies slated to present reflect B. RILEY’s research focus on the broad spectrum of technology and consumer sectors including: Internet, Media, Entertainment, and Advertising; Telecommunications; Optical Components; Software & Services; Semiconductors; Aerospace & Defense; Consumer Products; Retail, Apparel & Footwear; Restaurants; Auto, Marine, Trucking & Power Sports and Special Situations.
The names include both covered and non-covered companies, “with an emphasis on quality names,” said Ian Corydon, B. RILEY Co-Director of Research. “We view this conference as a showcase of our proprietary Research and for the discovery of emerging new ideas. We take great care in selecting companies that may provide interesting investment opportunities for our institutional investor clients.”
“Clients will see many companies appearing at B. RILEY for the first time,” said Craig A. Ellis, Co-Director of Research, “and though the average market cap is $1.4 billion, there are multiple highly recognized names with market caps above $10 billion.”
Investors will take advantage of one-on-one meetings with companies (more than 1,500 were scheduled in 2012), industry specific dinners, informational sessions on financing trends, and a special reception for private companies, venture capital and private equity guests.
B. RILEY appreciates the support of the many firms sponsoring our conference. We regard them as valued partners not only for this annual event, but year-round. A partial list is included below. We encourage you to visit their websites and learn about their businesses:
Wells Fargo Capital Finance, Lowenstein Sandler PC, Medley Capital Corp., Bloomberg, Innerworkings, Inc., Loeb & Loeb LLP, Marcum LLP, Mergermarket, NYSE Euronext, Opus Bank, RR Donnelley, Sullivan & Cromwell LLP, Weinberg & Company and Moss Adams.
The OTC Markets is sponsoring Discovery Day, featuring companies with market caps up to $400 million. Sponsor PR Newswire is the official news wire service provider for B. RILEY’s 14th Annual Investor Conference.
The Los Angeles Venture Association and the Aerospace and Defense Forum are Association Sponsors.
For an overview of the conference and our sponsors, visit http://www.brileyco.com/conference .;For registration information: B. RILEY clients please contact your representative or e-mail conference(AT)brileyco.com.
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05/16/13 B. RILEY 14th Annual Investor Conference: Expert-Led Informational Sessions… Press Release
B. Riley & Co., LLC announced that in addition to nearly 200 public company presentations, its 14th Annual Investor Conference will include expert led informational sessions on capital raising and debt financing. Two sessions have been integrated into this invitation-only conference, scheduled for May 20-22, 2013 at the Loews Santa Monica Beach Hotel.
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04/25/13 Analyst Eric Wold in “AMC Settles Dispute With Disney Over ‘Iron Man… News
By Michael White and Christopher Palmeri - Apr 25, 2013
AMC Entertainment Holdings Inc., the second-largest U.S. cinema chain, settled a revenue-sharing dispute with Walt Disney Co. (DIS) over “Iron Man 3,” leaving two big U.S. chains in a stalemate over the first big summer movie.
Tickets are available for showings starting at 9 p.m. on May 2, Kansas City, Missouri-based AMC Entertainment said today in an e-mailed statement. Terms of the revenue-sharing agreement weren’t disclosed.
“We thank our partners at Disney for working with us to achieve economical terms Continue Reading >
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04/24/13 B. Riley News Briefs: April 2013 Featured
B. Riley has been expanding in major financial markets nationwide. The Los Angeles Business Journal recognized B. RILEY’S growth in the Los Angeles County market, listing B. RILEY in the #5 spot in its Annual Listing of Investment Banks published April 15, 2013. In describing the growth, the Los Angeles Business Journal wrote “B. Riley & Co. acquired brokerage Caris & Co. last year and was also one of only six investment banks nationwide to act as the sole underwriter in a $100 million public stock offering.”
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04/23/13 Analyst Jeff Van Sinderen in “Skechers Rolls With The Punches, Delivers… News
“They redeveloped a lot of their product lines, and they came up with new product in a lot of different segments,” said analyst Jeff Van Sinderen of B. Riley & Co. “That product has been gaining strong traction for the last couple of quarters.”
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04/23/13 Analyst Eric Wold in “Netflix Eyes Profitable Disc Rental Future”… News
Eric Wold, analyst with B. Riley & Co. in Los Angeles, contends the recent launch of Redbox Instant by Verison could undermine Netflix’s disc rental ace card going forward. “Redbox Instant [has] the potential to siphon off some of Netflix’s high-margin DVD subscribers, we continue to believe this could be a drag on [second half 2013] profitability trends,” Wold wrote in an April 23 note.
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04/22/13 Analyst Eric Wold in “Netflix trumps forecasts as subscribers grow”… News
B. Riley & Co. analyst Eric Wold said that such a low figure, along with the rest of the company’s results, “clearly demonstrates the power of Netflix’s original-programming effort, as streaming subscribers exceeded expectations.”
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04/22/13 Analyst Eric Wold in “Netflix: B. Riley Ups to Hold; Look Past Likely… News
In advance of Netflix‘s (NFLX) Q1 report this evening, the shares are up $11.54, or 7%, at $174.91, after B. Riley & Co.’s Eric Wold raised his rating on the stock to Neutral from Sell, and raised his price target way up to $165, from $90, writing that after a 17% drop in the past month (through Friday’s close), “We view this as a solid opportunity to move to the sidelines ahead of the Q1 earnings report tonight.”
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04/22/13 Analyst Eric Wold in “Cinedigm, BitTorrent Partner for New Colin Firth,… News
B. Riley & Co. analyst Eric Wold said Cinedigm is looking for creative ways to effectively promote their indie films to the right audiences and for the right cost. Wold said Cinedigm has made mixing up traditional distribution of movies a hallmark of its business plan. It distributes indie movies and TV shows via 11,600 digital theatrical screens with 269 exhibition partners, DVD and Blu-ray Disc, electronic sellthrough, and transactional and subscription VOD.
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04/20/13 Analyst Eric Wold in “With a Buzzy SXSW Pickup, Cinedigm Refocuses on… News
Taking into account the buy of New Video and a refinancing of debt last month, Eric Wold, an analyst for B. Riley & Co., gives the company a “buy” rating. “The acquisition of New Video gives them an entire ecosystem,” Wold says.
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04/18/13 Co-Director of Research Ian Corydon in “SeaWorld Prices I.P.O. at Top… News
The company gets most of its money from admissions at its theme parks, and relies on sales of food and merchandise. Its average ticket price is higher than those of two main rivals, Six Flags and Cedar Fair, according to a research note from Ian Corydon, an analyst with B. Riley & Company. Still, SeaWorld is trying to attract a broad swath of visitors.
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04/17/13 B. RILEY 14th Annual Investor Conference: Technology & Consumer Sectors… Press Release
Los Angeles, CA April 17, 2013 -- B. Riley & Co., LLC (B. RILEY) (www.brileyco.com), a leading independent investment bank providing corporate finance, research, sales, and trading services, has confirmed the company presentation lineup for its 14th Annual Investor Conference, scheduled for May 20-22, 2013 in Santa Monica, CA.
The companies reflect B. RILEY’s research focus on the broad spectrum of technology and consumer sectors including: Internet, Media, Entertainment, and Advertising; Telecommunications; Optical Components; Software & Services; Semiconductors; Aerospace & Defense; Consumer Products; Retail, Apparel & Footwear; Restaurants; Auto, Marine, Trucking & Power Sports and Special Continue Reading >
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04/17/13 Analyst Eric Wold in “Biggest Cinemas Delay ‘Iron Man’ Ticket Sales… News
Through its Pixar, Lucasfilm and Marvel units, Disney controls many of Hollywood’s most popular movie properties, including “Star Wars” and “The Avengers.” The studio is trying to use its box-office muscle to win better terms on future releases, said Eric Wold, a cinema-industry analyst at B. Riley & Co. in San Francisco.
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04/16/13 B. Riley Takes #5 Spot in 2013 Investment Banks List with the Los Angeles Business… News
B. Riley’s expansion in the Los Angeles County market has allowed the firm to move up in the Los Angeles Business Journal’s Listing of Investment Banks. The list ranks firms by the number of investment bankers and total number of employees in LA County offices only. Our other offices have also seen dramatic growth in the last few years with 15 professionals in our NY office and 13 professionals in our San Francisco office.
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04/16/13 Analyst Conrad Lyon in “Analysts upbeat on Buffalo Wild Wings” with… News
“Undoubtedly, a weak consumer and seasonality hurt the demand side, but we believe much of the weakness resulted from abnormally high cold-storage inventories that were piled up by bar-and-grill operators fearing a supply shortfall,” he wrote. “That shortfall never arose, and that supply continues to get worked through the system.”
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04/15/13 Analyst David Miller in “Is a merger in the Starz for AMC?” with… News
“The possibility of a Starz Encore/AMC merger forces us into a more sanguine view of the story,” he wrote in an April 12 note. “With that, our 12-month target moves to $61 from $47 [per share].”
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04/15/13 Analyst Scott Tilghman in “‘O Kiosk’: Disc Rentals Spark Location… News
“I suspect with the new CFO that this [kiosk] business will be de-emphasized considerably,” R. Scott Tilghman, senior analyst with B. Riley & Co., wrote in an email. “I understand it is largely franchised with some very unhappy franchisees, and not [a business] Best Buy will give much attention to going forward.”
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04/15/13 “Analyst: Disc Subscriber Concerns Undermine Netflix’s Streaming Future”… News
Competitive pressures on Netflix’s 8 million disc subscribers continue to undermine the subscription video-on-demand pioneer’s aggressive push to expand operations globally, according to B. Riley & Co. analyst Eric Wold.
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04/15/13 Cadiz Inc. Appoints New Member to Board of Directors News
Cadiz Inc. (NASDAQ: CDZI) announced the appointment of Mr. Bryant Riley to its Board of Directors. Mr. Riley joins the Company’s Board with significant corporate management expertise and over 20 years of experience in the investment banking industry.
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04/14/13 Analyst Gene Mannheimer in “CareFusion Cash Flow Seen Luring Buyout Firms:… News
Shares of the San Diego-based company have climbed 23 percent this year as a turnaround plan helped expand margins and health-care stocks led the Standard & Poor’s 500 Index. CareFusion, which has one business that makes devices for pumping fluids and drugs into patients and another that supplies antiseptic products applied before surgery, could be acquired by a private-equity firm and then broken into pieces to boost returns, B. Riley & Co. said.
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04/12/13 Analyst Scott Tilghman in “Amazon lifts executive stock awards as Apple… News
“Amazon has focused more on hardware and digital media in the past couple of years, both areas of focus for Apple,” said Scott Tilghman, an analyst at B Riley & Co. “So it makes sense for them to be added in to Amazon’s peer group.”
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