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10-10-2008, 06:54 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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RICK
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.
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10-11-2008, 10:01 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Aug 2006
Posts: 1,558
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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.
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10-11-2008, 07:29 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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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
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10-14-2008, 02:08 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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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.
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10-14-2008, 02:26 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Jan 2008
Posts: 2,020
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Quote:
Originally Posted by Art G
but I've known people in the business and there are too many ways to hide money.
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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.
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10-14-2008, 06:18 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Jan 2008
Posts: 2,020
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oh, and I think I'm glad to hear this one doesn't pass your sniff test
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10-14-2008, 07:17 PM
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#7
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Thinks s/he gets paid by the post
Join Date: May 2006
Location: Where the stars at night are big and bright
Posts: 2,847
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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.
Quote:
Originally Posted by 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.
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Quote:
Rick's Cabaret Int'l, Inc is currently rated as having Very Aggressive Accounting & Governance Risk (AGRŪ), 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.
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__________________
There is no pleasure in having nothing to do; the fun is having lots to do and not doing it. - Andrew Jackson
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10-15-2008, 08:46 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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Quote:
Originally Posted by Marquette
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.
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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.
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10-15-2008, 08:52 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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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
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10-15-2008, 09:06 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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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
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10-17-2008, 07:20 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Aug 2006
Posts: 1,558
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I used to go to the Rick's in Minneapolis occassionally. They did a lot of cash business.
Quote:
Originally Posted by 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
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10-17-2008, 05:44 PM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2006
Posts: 7,733
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Quote:
Originally Posted by al_bundy
. 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
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I hope Rick's doesn't have a short-term bottom. I always thought having big booty was important in place like RICKs
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10-17-2008, 07:28 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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some people like the Schindler's List look
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03-06-2009, 08:37 AM
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#14
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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nice revenue numbers in the latest quarter, too bad the taxes and permit fees killed the quarter
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