Paul Dwyer's questions to B. Riley Financial (RILY) leadership • Q1 2024
Question
Inquired about the timeline for the Great American transaction, updates on the Franchise Group's performance, the expected turnaround at Targus, and key learnings from the recent period of 'crazy dynamics'.
Answer
A decision on the Great American sale is expected in early Q3. Franchise Group's management is executing well, with a recent asset sale providing crucial liquidity. The Targus turnaround is tied to the PC replacement cycle, which is taking longer than expected. A key learning is the difficulty of being a complex public company, leading to a potential focus on simplifying the business while remaining opportunistic.