RICK

[al_bundy]

i thought all was lost for this stock, but it seems to be turning around. lots of cash, little short term debt and some long term and nice financials overall.

 

[Hamlet]

With these types of businesses I never really trust that people aren't skimming most of the money off the top. I remember following them back when they were losing money and trading for a buck or two a share.

I always felt that in order to be losing money, they had to be stupid or stealing.

 

[al_bundy]

i think the CEO went to LSE and the other top management also went to good schools. they opened a club in NYC and i walked by one time after it opened and looked very nice from the outside. not like some of the skanky places i've been to in georgia

 

[Art G]

I had talked to them long ago about taking them public.
I'm not saying there's anything wrong with them, but I've known people in the business and there are too many ways to hide money. It has had a heck of a climb!...and fall.

 

[Marquette]

but I've known people in the business and there are too many ways to hide money.

Oh my. I can't stop laughing. Sides hurt.

Seriously Art, I think that's the best line I've read on here in a long time.

 

[Marquette]

oh, and I think I'm glad to hear this one doesn't pass your sniff test

 

[Leonidas]

I'm not usually not too concerned with social aspects of an investment, but my knowledge of this particular business and industry would prevent me from touching it.

With these types of businesses I never really trust that people aren't skimming most of the money off the top. I remember following them back when they were losing money and trading for a buck or two a share.

Rick's Cabaret Int'l, Inc is currently rated as having Very Aggressive Accounting & Governance Risk (AGR®), receiving an AGR Score of 28 out of a possible 100. This places them in the 5th percentile among the approximately 8,000 companies rated by Audit Integrity, indicating higher accounting and governance risk than 95% of the other companies.

 

[Art G]

Oh my. I can't stop laughing. Sides hurt.

Seriously Art, I think that's the best line I've read on here in a long time.

Ok, perhaps I should have expounded. I know people who OWN the clubs, and it's too heavily a cash business to trust the books.

 

[al_bundy]

the skanky clubs are cash, but i've been in at least one sort of high end one and most of it was CC's.

i looked at the SEC paperwork a few years ago on RICK and it mentioned they cater mostly to the business and sports star crowd. i think this will make a short term bottom here in the next week or so and i might get in as wall street puts the bailout money to work

 

[Art G]

Al, even with credit cards, there are ways to "lose" bottle count and hide money. Again, I had met with them about bringing them public. JMO

 

[Hamlet]

I used to go to the Rick's in Minneapolis occassionally. They did a lot of cash business.

the skanky clubs are cash, but i've been in at least one sort of high end one and most of it was CC's.

i looked at the SEC paperwork a few years ago on RICK and it mentioned they cater mostly to the business and sports star crowd. i think this will make a short term bottom here in the next week or so and i might get in as wall street puts the bailout money to work

 

[clifp]

. i think this will make a short term bottom here in the next week or so and i might get in as wall street puts the bailout money to work

I hope Rick's doesn't have a short-term bottom. I always thought having big booty was important in place like RICKs

 

[al_bundy]

some people like the Schindler's List look

 

[al_bundy]

nice revenue numbers in the latest quarter, too bad the taxes and permit fees killed the quarter