B. Riley Financial: AI-Related Tailwinds Should Help Refinancing Efforts - Hold
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Henrik AlexInvesting GroupFollow5ShareSavePlay(7min)CommentsSummaryEarlier this week, B. Riley Financial reported profitable second quarter results and filed its long-delayed quarterly report on form 10-Q with the SEC.Even better, the company expects to become current with its regulatory reporting requirements next months.AI-related tailwinds should boost the company's upcoming Q3 results by more than $50 million.In combination, these developments should help B. Riley to address its remaining 2026 debt maturities in a timely manner.However, the company still faces a much larger 2028 debt wall and current AI-related earnings tailwinds might turn into headwinds as market participants start to scrutinize current levels of AI capex spending. Reiterating "Hold" rating. mesh cube/iStock via Getty Images Note I have covered B. Riley Financial, Inc., or "B. Riley" (RILY) (RILYL) (RILYP) (RILYK) (RILYN) (RILYG) (RILYT) (RILYZ) previously, so investors should view this as an update to my earlier articles on the company. Five months ago, I upgradedThis article was written byHenrik Alex20.74K FollowersFollowI am mostly a trader engaging in both long and short bets intraday and occasionally over the short- to medium term. My historical focus has been mostly on tech stocks but over the past couple of years I have also started broad coverage of the offshore drilling and supply industry as well as the shipping industry in general (tankers, containers, drybulk). In addition, I am having a close eye on the still nascent fuel cell industry.I am located in Germany and have worked quite some time as an auditor for PricewaterhouseCoopers before becoming a daytrader almost 20 years ago. During this time, I managed to successfully maneuver the burst of the dotcom bubble and the aftermath of the world trade center attacks as well as the subprime crisis.Despite not being a native speaker, I always try to deliver high quality research to followers and the entire Seeking Alpha community.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.