RILY sold its remaining Great American stake, and about $51.7 million of the $62.25 million sale price repaid debt. The debt reduction helps, but the filing gives no figures on the stake’s contribution to profit, so the outlook is unchanged.
Paying down debt leaves RILY owing less. But it also no longer owns its remaining Great American interest. The filing does not say how much profit that interest brought in, so the debt relief cannot be weighed against the lost business.
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