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Don Palermo

@DonPalermo5

Followers
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Following
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Statuses
903

Explorer of the Cosmos. No advice here. I make mistakes daily. Avid Golfer.

Left Coast, USA
Joined March 2022
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@DonPalermo5
Don Palermo
1 month
I find it hard to believe that the market isn't going to have a monumental hiccup between now and the election. Tech is largely priced to perfection and many 'value' stocks are a recession away from serious problems. Lower rates will help $RILY, recession= BIG risk.
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@DonPalermo5
Don Palermo
2 years
@CR_Schools I am looking forward to the multimillion-dollar civil lawsuit that will soon be filed against CRSD. Hopefully, Triantafillos Parlapanides and any and all culpable staff will have their careers destroyed and be held personally responsible for any and all jury awards.
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@DonPalermo5
Don Palermo
4 months
$RILY earnings look much better than shorts were expecting or hoping for. @AlderLaneEggs , @FriendlyBearSA , and others can't be happy about debt dropping by $170 million and cash down only $41 million! X out the non-cash charges and $7 audit/10k surcharges=good numbers
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@DonPalermo5
Don Palermo
5 months
$rily . Shorts caught lying again!
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@DonPalermo5
Don Palermo
4 months
$RILY since 10k, volume has been short-driven, new short positions, old ones covering. There has not been a positive catalyst to give new investors a FUNDAMENTAL reason to think the company is heading in a solid direction. We may soon have it. Q1 earnings should be decent
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@DonPalermo5
Don Palermo
6 months
$RILY @StockJabber Here's a guy with a decent interpretation of Riley's debt situation, how they can fix that overnight, and some mistakes Shorts may be making.
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@DonPalermo5
Don Palermo
4 months
$RILY? @AlderLaneEggs Whichever company he is touting will see one of history's most massive short squeezes. If he leads investors on for a week or two several stocks could see squeezes begin. No prisoners. Keep in mind, he likes 'VALUE'.
@TheRoaringKitty
Roaring Kitty
4 months
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@DonPalermo5
Don Palermo
4 months
I have known @AlderLaneEggs for decades, I've met Bryant Riley once or twice. They may actually have similar personalities. If that is true, rest assured BR will seek revenge on shorts and destroy the lives of those making up lies about $RILY.
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@DonPalermo5
Don Palermo
1 month
$RILY Short Interest Borrow Rates are closing in on record highs- Up nearly 6 times where they were a few weeks ago.
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@DonPalermo5
Don Palermo
1 month
$RILY short sellers borrow cost keep hitting multi-month highs. Is this related to the SEC suing Andrew Left?
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@DonPalermo5
Don Palermo
5 months
$RILY some stock is available for you to short @ALderLaneEggs ! 100,000 shs. Go for it! Please!!
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@DonPalermo5
Don Palermo
6 months
To all shorts, that are worried about a tsunami like $GME. Free advice: Buy some out-of-the-money calls to hedge your potential downside. '30' SP calls would cost little and rescue a potential disaster. I don't want to make money at the expense of a novice. $RILY I am LONG
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@DonPalermo5
Don Palermo
6 months
Most shorted US stock $RILY sees the cost to borrow soar 104.59% . With the headline of being the most shorted stock and the fact that it's mighty tough to find stock to short against, $RILY is ripe for a rally on any news that does not adhere to the shorts' playbook. #REGSHO
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@DonPalermo5
Don Palermo
6 months
If $RILY gets close to $25 today, expect @AlderLaneEggs and his cronies to start aggressively attacking anyone with any influence, spouting even more wild innuendos, stating partial truths or the most outlandish lies you've seen yet. $25.40 or higher will cause FEAR in shorts.
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@DonPalermo5
Don Palermo
4 months
$RILY I anticipate we'll see insider buying if Riley stock is sub $40 when the blackout period for trading activity is lifted. The sum of parts is worth much more than the current stock price.
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@DonPalermo5
Don Palermo
4 months
$RILY? Take no prisoners. @AlderLaneEggs
@JeffAmazonX
JeffAmazonX
4 months
$GME part 2? $RILY ? This is wild! 🍿
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@DonPalermo5
Don Palermo
2 months
$RILY Marc Cohodes is a con artist or should I say a Kahn-artist or perhaps a CONN-ARTIST. Years ago, Marc shared with most every trick he used to con investors into tanking a stock. He will be exposed. @AlderLaneEggs BTW he/we didn't have Twitter/X then to trick the market
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@DonPalermo5
Don Palermo
6 months
@blakerjeastes Anyone who does not attempt to stop such violence is complicit. Speak up, rather than simply record the act.
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@DonPalermo5
Don Palermo
7 months
@Jason_OTC Adding $10 million for Davenport sabotages this poll. He has very little market value. Keeping JJ is the priority. Keeping Cousins will enable us to keep JJ. If we don't keep JJ, we shouldn't keep any of these 3 and rebuild this mediocre team.
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@DonPalermo5
Don Palermo
5 months
I am still very LONG $RILY and have no intention of buying or selling unless we see some incredible volatility that would present an opportunity.
@DonPalermo5
Don Palermo
5 months
$RILY is running out of cash. A lack of liquidity is the emphasis some shorts will be drumming next. I applaud their tenacity and laugh at their ignorance. @Alderlaneeggs @FriendlyBearSA @StockJabber
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@DonPalermo5
Don Palermo
2 months
$RILY We'll see how this plays out, but I believe that $CONN's will be the catalyst to cause another short squeeze. Shorts are filled to the brim AGAIN thinking Conn's will cause some catastrophic tornado to FRG and $RILY. It won't. FRG has issues, but Conn's is a tiny one
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@DonPalermo5
Don Palermo
2 months
A lot of doom and gloom from shorts, @alderlaneeggs and others on $RILY and $CONN's debt. Most of their assertions are packed with a lot of BS , little substance. The debt 'is collateralized by consumer loan receivables of customers of the furniture and electronics retailer.'
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@DonPalermo5
Don Palermo
2 months
In early July it was known that Conn's was going to file for BK. $RILY stock traded in the 16-17.50 range , but dipped down to the $15's on July 5th. That price action was largely driven by shorts. Articles in WSJ, Bloomberg all quoting SHORTS. Oops they did it again. 🤣🤣
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@DonPalermo5
Don Palermo
1 month
$RILY short sellers borrow cost keep hitting multi-month highs. Is this related to the SEC suing Andrew Left?
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@DonPalermo5
Don Palermo
1 month
Borrowing costs are SOARING for B Riley. It didn't end well for many shorts the last time around. Keep an eye on the REG SHO list. I think it's going to end up there soon.
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@DonPalermo5
Don Palermo
5 months
$RILY It's quite odd that shorts keep drumming the 10k is late beat. What do they think is going to happen when it is finally posted? It's not gonna be good...FOR THEM! Most of us with experience in these matters did not expect b4 May. b4 45 days we should see 10k and Q1 E
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@DonPalermo5
Don Palermo
1 month
$RILY @AlderLaneEggs A reminder, Marc Cohodes is a lot of hot air and has an ever-shrinking brain. Perhaps, he should stop waking and baking. We've all seen these amateur attempts to hack our accounts, etc. Marc was fooled (again) by a 5th grader's attempt.
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@DonPalermo5
Don Palermo
6 months
As I and most expected, $RILY is not filing their 10k today. If there is a prolonged delay, NASDAQ will issue a delisting warning. Once the 10k is filed, the warning will disappear. "Company continues to work with its auditors..." I am LONG. @AlderLaneEggs @stockjabber
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@DonPalermo5
Don Palermo
2 months
@TuvaorBst $RILY I worked with Marc for nearly a decade. He needed meds then and he seems to need lithium now. It's amazing how Despicable Marc and some other chemically unbalanced individuals have so many minions waiting on every hateful word he utters.
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@DonPalermo5
Don Palermo
4 months
$RILY, if this was a tennis match between longs vs shorts, game 1 went to shorts, game 2 went to longs, and game 3 is 40 to 15 (longs). Paying down 1/2 $ billion in debt would help Rily double from here. Shorts would have little to hope for. I suspect the balance sheet improves
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@DonPalermo5
Don Palermo
1 month
$RILY Borrowing costs up 50% in 24 hrs. and nearly triple where they were 10 sessions ago. Short squeezes care little about fundamentals and everything about stock supply and demand. There are no shares available for shorts to borrow against.
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@DonPalermo5
Don Palermo
2 months
$RILY Borrowing costs have doubled in 2 weeks.
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@DonPalermo5
Don Palermo
2 months
$RILY there are few better experts in managing liquidations than BRRS. Short sellers have overplayed the impact of $CONN's bankruptcy.
@BRileyFinancial
B. Riley Financial
2 months
B. Riley Retail Solutions is managing the liquidation sales for Conn’s HomePlus and Badcock Home Furniture & More. Online and in-store closing sales have starting discounts of 30-50%. For more info, visit: #furniture #electronics #appliances $RILY
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@DonPalermo5
Don Palermo
9 months
@TMZ This is clearly when a social services officer should confront the couple not an unskilled police officer. I feel bad for both of them having their lives on display in such a difficult time. I am surprised Bravo isn't trying to document the whole thing!
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@DonPalermo5
Don Palermo
25 days
$RILY My GUESS is that margin calls are behind today's drop, perhaps even some of management's stock that was borrowed against. Also, the option expiration could be influencing some of the price action today.
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@DonPalermo5
Don Palermo
2 months
This conspiracy theory by AV is baffling. $RILY lent money to some shady people (100% TRUE). Were they money laundering? There are a lot easier ways to do that than to buy up depressed companies. Were they cashing out? NO. They bought more $RILY stock.
Documents prove $RILY directly financed the Prophecy Ponzi Scheme's Sub-Advisory entity at the very center of this giant fraud (Samjor Family). $RILY later rolled Prophecy-related exposure into loans to Kahn entities that ballooned into disastrous "bet the firm" FRG deal 1/
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@DonPalermo5
Don Palermo
2 months
As expected, short interest is nearing record levels in $RILY. Will shorts run out of time, AGAIN? I think so. @AlderLaneEggs
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@DonPalermo5
Don Palermo
2 months
$RILY The herd has spoken. The herd is short. We'll see how right or wrong they are in round two. I expect we will be over 10 million shares shorted very soon (possibly are, currently). Bulls like me, lack the passion that the bears have. Passion can cloud one's objectivity.
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@DonPalermo5
Don Palermo
1 month
$RILY The days to cover is only important if there is reason for a stock to move higher. Currently, the Days to cover for Riley is twice as high as it was at its February 29th All-Time High in Short interest, setting itself up for a massive short squeeze IF there is decent news.
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@DonPalermo5
Don Palermo
4 months
$RILY I intend to buy on any weakness, under $28. I rarely average up on an investment, especially a value investment. I don't anticipate any protracted weakness, but if we see it, I'll welcome it. I'd like to double up our position. Risks much are less today than in Feb.
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@DonPalermo5
Don Palermo
25 days
$RILY We did not expect the highly leveraged investment in FRG to decline so rapidly. That leveraged bet was ill-timed and a classic example of why you don't chase value with debt. A terrible mistake, but not catastrophic for Riley.
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@DonPalermo5
Don Palermo
4 months
$RILY shorts working overtime while longs sit back and relax. So many posts this weekend. Worried?
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@DonPalermo5
Don Palermo
6 months
$RILY could see a parabolic rally even if the shorts are correct. I don't think they are. I am long. @AlderLaneEggs @StockJabber
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@DonPalermo5
Don Palermo
6 months
Somehow, $RILY is up for the year, despite some of the worst headlines any company has seen in 2024. Perhaps, too many sheep were following a false prophet seeking to profit by any means necessary. Read @AlderLaneEggs posts over the last few months. I can't do him justice.
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@DonPalermo5
Don Palermo
20 days
$RILY a lack of more bad news can be a catalyst for a stock to bounce from its lows when there is no stock available to short. I surmise LT shorts have covered shares as new positions were opened. IF that is the case, the chances of a mini squeeze are real on no news is good.
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@DonPalermo5
Don Palermo
8 months
@TheVikingAge As if Cousins has been the problem. 3 seasons with absolutely no defense is/was the problem.
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@DonPalermo5
Don Palermo
2 months
$RILY The herd has spoken. The herd is short. We'll see how right or wrong they are in round two. I expect we will be over 10 million shares shorted very soon (possibly are, currently). Bulls like me, lack the passion that the bears have. Passion can cloud one's objectivity.
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@DonPalermo5
Don Palermo
4 months
$RILY Most BDs should be concerned w/ highly shorted stocks causing irreparable harm. @TheRoaringKitty could potentially destroy a billion-dollar hedge fund in seconds #AGAIN . We should see a surge in the price to borrow stock for highly shorted stocks. @FriendlyBearSA
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@DonPalermo5
Don Palermo
1 month
There is nothing wrong with shorting. There is nothing wrong with having conviction in an investment, long or short. There isn't anything right with lying, misleading, and distorting the truth to make money. This guy never left Marcum. $RILY @StockJabber
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@DonPalermo5
Don Palermo
2 months
$RILY $CONN's Shorts aren't going to like this. "senior secured term loan facility" 8k from Conn's.
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@DonPalermo5
Don Palermo
4 months
@StockJabber posted lies from shorts that 'The Bear Cave report alleges that B. Riley's audit engagement partner at Marcum LLP, James LaRocca, may have recently left the firm.' in an attempt to manipulate $RILY stock. At the time, I did my own DD and he had not 'left the firm'.
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@DonPalermo5
Don Palermo
5 months
Assumption Nomura payment (wrong). Conclusion WRONG. No objectivity! $RILY . Shorts are living in a bubble! @alderlaneeggs When the stock eclipses yesterday's highs (near future), look for desperate posts, lies, and attempts to manipulate.
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@DonPalermo5
Don Palermo
5 months
Assumption Nomura payment (wrong). Conclusion WRONG. No objectivity! $RILY . Shorts are living in a bubble! @alderlaneeggs When the stock eclipses yesterday's highs (near future), look for desperate posts, lies, and attempts to manipulate.
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@DonPalermo5
Don Palermo
2 months
Is this the 'something' Cohodes was working on? A silly quote asserting the same tired BS by shorts. A $CONN bankruptcy would not be a good thing, but far from a huge domino that will start a catastrophic chain reaction for $RILY @AlderLaneEggs
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@DonPalermo5
Don Palermo
6 months
The cost of borrowing stock to short $RILY is soaring. It's currently one of 33 most expensive US stocks to short. @AlderLaneEggs @StockJabber
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@DonPalermo5
Don Palermo
2 months
@AlderLaneEggs $RILY the only person in this entire world that matters to Marc is his son. NO ONE matters more. Marc's pathetic ego is a close number 2, but Marc would F over anyone for anything if it were good for Marc or good for his son. We go way back.
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@DonPalermo5
Don Palermo
1 year
@Roblox How is it my child's account is HACKED every time she has more than $50 worth of Robux?? Each time, within 24 hours, her account is HACKED. She does not communicate with any strangers and never tells anyone about her Robux. It is impossible to get anyone on the phone.
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@DonPalermo5
Don Palermo
2 months
$RILY Borrowing costs have doubled in 2 weeks.
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@DonPalermo5
Don Palermo
25 days
$RILY a potential sale of Great American could/should lead to debt paydown on the open market. I'd expect they'd buy back their baby bonds, earliest maturities first. This is from their Feb 29th PR.
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@DonPalermo5
Don Palermo
16 days
How many apologies are going to come out when @GillanTan 's reporting on $RILY's deal proves to be largely accurate? Perhaps Ms. Tan should look into the terroristic actions that some short-sellers engage in on X.
@sevencornerscap
SevenCornersCapital
17 days
$RILY shorts now openly threatening BB reporter @GillianTan …for reporting (i.e., her job). 🤯🤯🤯
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@DonPalermo5
Don Palermo
28 days
$RILY It will be quite interesting to see how much short covering we see. Surely, some traders will take their money and run, while others look short more. The FRG writedown is aggressive and warranted. The sale of Great American in Q3 would be an important positive catalyst.
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@DonPalermo5
Don Palermo
9 days
$RILY some very interesting comments on B. Riley from @SFarringtonBKC on the @theroichannel . Worth a listen whether you are long, short, or on the sidelines watching this incredible story unfold.
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@DonPalermo5
Don Palermo
6 months
Wolfpack was one the first to short and (correctly) bring to light problems at $RILY. However, they made errors in their research. Sorrento paid back $41.7 million bridge loan received from Riley. How did they miss this? @StockJabber @AlderLaneEggs @WolfpackReports
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@DonPalermo5
Don Palermo
4 months
$RILY investment and debtor, $BW showing some signs of life. Decent start to the year. I am not invested in $BW and think it is either a $5-$7 stock or worth zero in 30 months.
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@DonPalermo5
Don Palermo
6 months
$RILY is in good company with $PLTR. Both have been relentlessly attacked by short sellers.
@jawwwn_
Jawwwn
6 months
$PLTR CEO Alex Karp talking about short sellers on CNBC live right now: “They just love pulling down great American companies so that they can pay for their coke” Lmaooo he’s really not holding back today ❄️ 🔥
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@DonPalermo5
Don Palermo
18 days
@SmallCapBob2 @Oaktree I worked with @AlderLaneEggs for nearly 10 years. I am confident in saying that Marc Cohodes has more enemies than friends (in high places). Don't be surprised to see other $$ follow Oaktree to squeeze the shorts. $RILY
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@DonPalermo5
Don Palermo
2 months
Shorts have been making the same errors about $RILY's lending arm for quite a while. Before $CONN's, BRF Finance Co lent money to Sorrento. Sorrento hit bankruptcy soon after. Riley was paid, Riley was sued, and Riley was made whole. SMART shorts missed those facts
@DonPalermo5
Don Palermo
6 months
Wolfpack was one the first to short and (correctly) bring to light problems at $RILY. However, they made errors in their research. Sorrento paid back $41.7 million bridge loan received from Riley. How did they miss this? @StockJabber @AlderLaneEggs @WolfpackReports
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@DonPalermo5
Don Palermo
3 months
@StockJabber @jeff_gramm @Adam_Wyden @AlderLaneEggs If a money manager was judged by the peak or valley of their picks, we'd all be excellent. You can't cherry-pick the high and low of a stock to say you were 'right' or had a certain return. $RILY was up 100% at one point. Distorted 'returns' on all but 2.
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@DonPalermo5
Don Palermo
18 days
$RILY is doing what it needs to do to both pay down debt and keep a positive cash flow. The Oaktree Deal is the type of deal I both expected and HOPED for. This is a 'win' for longs and a BIG "L" for shorts. However, if there is fraud, it's all mute.
@DonPalermo5
Don Palermo
20 days
@fenix23157 I think there is a distinct chance they accept 6-8 times EBITDA and retain an equity interest of some sort. The problem with selling it if they don't get their number is they'll be cutting off positive cash flow. I'd like to see lower and hold a minority position.
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@DonPalermo5
Don Palermo
6 months
I expect an 8K filed with a warning from NASDAQ late Friday --potential delisting. Ultimately means very little. If the company files 10k it will disappear. If they don't file, $RILY has much bigger problems to contend with. My guess based on my understanding of the rules
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@DonPalermo5
Don Palermo
2 months
@JoseyWalesPace The $CONN bankruptcy is a black eye and maybe a black eye and cut lip. Not much more. I'd expect a delay in $RILY's Q2 filing to properly mark down FRG. Clearly, $RILY is guilty of making a big and bet on retail and failing to realize the risk.
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@DonPalermo5
Don Palermo
1 month
$RILY has seen its borrowing costs climb by more than 300% in a few weeks. Shorts have pinned themselves in a corner with no liquidity. You can't short microcap stocks without an enormous amount of risk.
@DonPalermo5
Don Palermo
1 month
Borrowing costs are SOARING for B Riley. It didn't end well for many shorts the last time around. Keep an eye on the REG SHO list. I think it's going to end up there soon.
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@DonPalermo5
Don Palermo
6 months
$RILY cost of borrowing is beginning to surge for short sellers.
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@DonPalermo5
Don Palermo
6 months
18 months ago a second-rate Auto retailer, $CVNA was headed for bankruptcy according to short-sellers. More than 65% of the stock was short at its peak in January 2023. A year later, the company is still 2nd rate, but the stock has SURGED. $RILY has more than 80% float short!
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@DonPalermo5
Don Palermo
6 months
$RILY shorts are now blasting about Spicer Jefferies, a shoddy CPA who audited the Wealth Management division of Riley. That division is not responsible for any questionable transactions shorts have pointed out. Marcum is. It's a big nothing burger. @AlderLaneEggs
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@DonPalermo5
Don Palermo
9 days
$RILY Nate Koppikar and other short sellers believe a margin call for Bryant Riley is imminent if the stock closes under $5. It seems as if someone may be attempting to force that issue.
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@DonPalermo5
Don Palermo
1 month
$RILY short interest highest level since its All-Time peak of SI in February. Nearly 12.3 million shares were legally short as of 7/31/2024. The shorts have spoken.
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@DonPalermo5
Don Palermo
6 months
Riley's wealth management is in compliance FINRA @FriendlyBearRS @jrAbbate @AlderLaneEggs $RILY
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@DonPalermo5
Don Palermo
4 months
$RILY could have a massive opportunity to reduce debt. If the stock surges from a SUSTAINED short squeeze (above $80), Riley could raise capital via a convertible preferred stock offering. It makes sense and would have minimal impact on shareholders.
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@DonPalermo5
Don Palermo
2 months
I am actually considering buying $BYON. Retail has had a rough 1st half of '24. Could get a lot uglier, before it gets better. Looking to buy $BYON if it drops to the $5-$10 level. I know nothing about @marcuslemonis ' management style.
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@DonPalermo5
Don Palermo
18 days
@bobkleinmedici It's in Nomura's best interest to work with $RILY as they have VERY RECENTLY in the past. I am not stating they'd take $500 million to pay down debt. I am stating they could buy back debt at huge DISCOUNTS and retire debt at a SUBSTANTIAL discount.
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@DonPalermo5
Don Palermo
9 days
I doubt we'll EVER see a margin call for Bryant Riley $RILY.
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@DonPalermo5
Don Palermo
2 months
$RILY shorts have been the bulk of volume in the last 2 weeks and no stock is available once again. RILY shorts have pinned themselves in a corner and they may not have the ability to keep this stock from rallying on any decent news. VERYHigh expectations for bad or worse news.
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@DonPalermo5
Don Palermo
2 months
$RILY my calendar shows an option expiration coming up. Hmm. I wonder why we've see so many articles about $RILY's doom this week? Some unscrupulous shorts like my former colleague, @ALDELANEEGGS have been known to break rules all in the name of 'good' -good for Marc Cohodes
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@DonPalermo5
Don Palermo
6 months
Following bozos like @AlderLaneEggs and @StockJabber could cause you financial hardship. Good Luck if you are short $RILY. Consider hedging with out-of-the-money calls to prevent financial disaster.
@DonPalermo5
Don Palermo
6 months
There are over 6000 US public companies, the last I checked. Of that, few are as shorted as $RILY. Currently, according to Riley is the 6th most likely stock to have a short squeeze. . As of 2 weeks ago, 68% of float was short.
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@DonPalermo5
Don Palermo
4 months
@AlderLaneEggs is too busy getting high and posting on X to read an income statement or do his own due diligence. Years ago, when Marc was a colleague he often did bogus due diligence, today it seems he does absolutely zero. $RILY
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@DonPalermo5
Don Palermo
2 months
@AlderLaneEggs 'called' the timing of the bankruptcy filing for $CONN's 45 minutes AFTER it was publicly announced by Reuters. $RILY CONNS INC FILES FOR CHAPTER 11 BANKRUPTCY- COURT FILING - Reuters - 8:36 PM Eastern Daylight Time Jul 23, 2024
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@DonPalermo5
Don Palermo
2 months
Lost in the $CONN (EXPECTED) bankruptcy dust is that some of $RILY's direct investments and assets are not properly accounted for. Many assets like their $CORZ warrants could create wealth far greater than their paper losses on their retail industry equity and debt.
@Johnbarnab46882
Johnbarnaby
2 months
$rily I heard Riley stands to make over $250 mm on the Corz warrants that they got in the debt restructuring last year. That’s on top of the interest they were getting on $75 mm. The Z warrants with an exercise price of .01 are now fully exercisable at the discretion of holder
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@DonPalermo5
Don Palermo
5 months
We should all be expecting @AlderLaneEggs and @FriendlyBearSA to pull out any and every stop possible to destroy $RILY if it surges. They believe Riley is run by gangsters and like a dirty cop/vigilante, they will do anything to destroy B. Riley.
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@DonPalermo5
Don Palermo
1 month
$PLTR Palantir just posted excellent results and raised guidance. After hours, the stock is soaring. A great indication of the ills of the market will be if the stock closes lower than today's $24.10 close in the next couple of weeks.
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@DonPalermo5
Don Palermo
1 month
@77AugustWest72 @valueseek_inv $RILY is running the books on $CONN's bankruptcy. It's a Senior Loan agreement and has about $93 million in the last filing. So....$93 Million give or take a few million. Additionally, they'll get paid a consulting fee on liquidations. Shorts made the same error on Sorrento
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@DonPalermo5
Don Palermo
1 month
Earlier this week I was stuck in the Carolinas due to Debby. Had to check The Copper River Grill. @AlderLaneEggs If you are in the area, let me know. We can grab a bite, and talk about $RILY and the good ol' days. I will be here until Saturday.
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@DonPalermo5
Don Palermo
6 months
If you are short, you are flirting with disaster. Too many of you and not enough stock. You COULD be right, $RILY may be run by criminals. I don't think that's the case, but it's possible. Even if you are ultimately correct you could risk financial ruin. Ask the $AMC shorts
@DonPalermo5
Don Palermo
6 months
To all shorts, that are worried about a tsunami like $GME. Free advice: Buy some out-of-the-money calls to hedge your potential downside. '30' SP calls would cost little and rescue a potential disaster. I don't want to make money at the expense of a novice. $RILY I am LONG
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@DonPalermo5
Don Palermo
6 months
When a short-seller skirts existing rules they often fail to deliver the borrowed short stock. When a company like $RILY is shorted over and over again, this happens daily. It's all okay with margin clerks until a stock starts taking off. Then it's a problem.
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@DonPalermo5
Don Palermo
6 months
$RILY could continue to slide until we get a catalyst for shorts to begin to cover. That catalyst could be 30 days away or much sooner.
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@DonPalermo5
Don Palermo
5 months
This sounds like the Marc Cohodes I've known for 20 years. He is a vile animal. @alderlandeeggs I did not write this, but this is much of my shared view of him. $RILY
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@DonPalermo5
Don Palermo
23 days
$RILY Is the buyout bid real? A ploy to prevent bleeding of margin calls of insiders? Or to Stop Riley clients from moving their accounts? If it is viewed as 'real' by the company and board we'll see an acknowledgment in an 8k SOON- Very soon-- AND need the 10Q filed ASAP
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@DonPalermo5
Don Palermo
2 months
@SFarringtonBKC $RILY is in great shape to get paid back. Shorts have next to nothing to hope regarding the $93 million owed to $RILY by Conn's.
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@DonPalermo5
Don Palermo
2 months
Shorts have backed themselves into a similar corner as they had earlier this year. New shorts dominated the tape as VALID but OVERPLAYED rumors on $CONN floated around. $CONN will see their equity go to zero IMO, but the impact on $RILY is a black eye, not a brain injury.
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@DonPalermo5
Don Palermo
11 days
$RILY Assuming no fraud I doubt Nomura will want an equity stake (dilution of common shares) in a restructuring. Most of $RILY's debt is in baby bonds largely held by individual investors seeking income. $RILY may seek to buy early maturity baby bonds on open mkt w/ asset sale
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@DonPalermo5
Don Palermo
6 months
$RILY is a holding company. Investments (FRG) in one of their divisions need to be properly marked down. Hence the hold-up in the 10k. The broker-dealer often has an entirely different auditor and is likely to comply with rules as they always have. @JrAbbate @AlderLaneEggs
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@DonPalermo5
Don Palermo
2 months
Not only did $RILY management buy more stock they piled into the companies they financed. Riley management is guilty of greed, cutting deals that benefited their pockets more than is typical, but not a crime.
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@DonPalermo5
Don Palermo
1 month
$ENVX Analyst Price targets raised at a few lesser bullish firms, revenue and earnings outlook lowered for 2H 2024. CRAIG-HALLUM TARGET PRICE TO $20 FROM $15 .CANACCORD GENUITY TARGET PRICE TO $20.00 FROM $17.00. COWEN RAISES TARGET PRICE TO $14 FROM $11
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