B. Riley Financial, Inc. Acquires 29% of bebe stores, inc.
- Press Release
Los Angeles, CA, November 3, 2010—B. Riley & Co., LLC (B. Riley), www.brileyco.com, a full service broker dealer providing research and trading ideas to institutional clients and high net worth individuals, and investment banking services to a wide range of middle market private and public companies, announced that its Research Department has earned #2 ranking in Integrity Research Associates’ 3-Year “Buy Batting Averages” Report.
Integrity Research reviews performance data from Investars and bases its rankings on “the proportion of recommendations the research provider made that moved in the direction that was predicted.”
In the three years ending October 1, 2010, earning a top spot in the “Steady and Strong Performers—High Batting Averages and High Returns” category, B. Riley scored a 3-year return of 30.27% and a Buy Batting Average of 70.74%. The full report can be viewed on: http://www.integrity-research.com/cms/2010/10/20/batting-problems-not-just-the-yankees/
In providing analysis of the report, Integrity noted: “Just like in baseball there are those that succeed by getting a hit nearly every time at bat and there are those that swing for the fence and occasionally get a home run.”
“It’s extremely tough to make the right calls when the market is as volatile as it has been over the past three years,” said Ian Corydon, B. Riley Director of Research. “That’s why it’s very rewarding to be recognized by Integrity Research for our three-year trailing Buy recommendations.”
Integrity Research has ranked B. Riley in the top position for several years. In its April 14, 2010 report, Integrity ranked B. Riley #1 for returns produced by both its Buy and Sell Recommendations for Q1 2010, producing returns of 117% for its Buy recommendations and 39.6% for its Sell recommendations.
In that April report, Integrity said “B. Riley & Co. is no stranger to this top position, having been at the top of the performance leader board multiple times over the last several years.”
“2010 has been especially gratifying for our Research Department,” continued Corydon. “Earlier in the year, several research analysts received high rankings in the Blue Chip Analyst Awards published by Forbes in collaboration with Zacks Investment Research.”
ABOUT B. RILEY & CO.
B. Riley & Co. is a leading independent investment bank which provides a full array of corporate finance, research, sales, trading and OTCQX DAD services to corporate, institutional and high net worth individual clients. Investment banking services include merger and acquisitions advisory to public and private middle market companies, initial and secondary public offerings and institutional private placements. Its Corporate Governance Advisory Services Group is engaged by both companies and investors to help maximize value for shareholders. The firm is recognized for its distinguished Equity Research. Founded in 1997, B. Riley is headquartered in Los Angeles and maintains offices in Newport Beach, San Francisco, Philadelphia, Chicago and New York. It is a member of FINRA and SIPC. For more information, please visit www.brileyco.com.
Past Performance not indicative of future returns. This is not an offer or solicitation of securities.
Director of Research
B. Riley & Co.
The Orbach Company, Inc.