May. 13 at 10:29 AM
$RILY consider that on March 31st BW stock closed at
$14.69. Today in premarket it is at 20.50. RILY owns 27.6 million shares so paper gains so far from Q2 alone on this investment is
$160 million or equivalent to another
$4.32 in EPS lol. I see a massive breakout coming as gains from BW eventually will be converted to cash along with their SpaceX wins- before you know it, the debt concerns will be completely past us as rerating will bring us back to
$25