Author Topic: RICK - RCI Hospitality  (Read 14699 times)

orion

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RICK - RCI Hospitality
« on: August 27, 2013, 05:05:03 AM »
Iīve just started to look into this, but I found this comment from the CEO in their latest Conference Call quite interesting. Maybe another possible jockey stock?

Quote
This brings me to a very important thing that I think needs to be said: I own a very large portion of the company. Not in terms of, you know, 50% or anything, but my 12.4% holding is still over 90% of my personal net worth. My personal net worth is basically tied to the success of Rickís and what Rickís does.  Iíve continued to buy stock.  Iíve never been a net seller of Rickís stock, and I will continue to buy additional stock, because I believe itís the best investment I can make, especially at the current price levels.


dcollon

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Re: RICK - RCI Hospitality
« Reply #1 on: August 27, 2013, 06:17:50 AM »
I would suggest that the Corner of BRK & FFH take a bus tour to do some on sight due diligence. 

giofranchi

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Re: RICK - RCI Hospitality
« Reply #2 on: August 27, 2013, 06:35:24 AM »
I would suggest that the Corner of BRK & FFH take a bus tour to do some on sight due diligence.

I don't think one day will be enough... At least one day and one night... Hard work!!!! ;D ;D ;D

giofranchi
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Palantir

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Re: RICK - RCI Hospitality
« Reply #3 on: August 27, 2013, 06:49:23 AM »
Yes, it is important to closely study their assets, prior to taking a long position.
My Portfolio: AMZN, PAGP, FSLR, OKE, PYPL, RHT, MSFT

ASTA

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Re: RICK - RCI Hospitality
« Reply #4 on: August 27, 2013, 07:40:38 AM »
I am already long but might need another injection off inspiration to get 100% long 8)

krazeenyc

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Re: RICK - RCI Hospitality
« Reply #5 on: August 27, 2013, 08:31:27 AM »
Lukai on VIC wrote a pretty decent writeup. I remember the criticism being that maybe everything wasn't completely on the up and up (don't hold me to this -- this is just from my memory).

Libs

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Re: RICK - RCI Hospitality
« Reply #6 on: August 27, 2013, 10:01:07 AM »
I've looked at this one for a while. I can't remember where I read it, but I recall
commments about management being sleazy. 'Sampling the goods', etc.

Totally unsubstantiated, but hard to dismiss in this  'industry.'



My username is not a political statement.....and I'm too lazy to change it.

Palantir

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Re: RICK - RCI Hospitality
« Reply #7 on: August 27, 2013, 10:47:07 AM »
If anything, I have heard the opposite, management is serious and ethical, but they're playing in an industry where others aren't. AKA their competitors offer things like prostitution and etc. and they do not.

I don't see much of an economic moat on this, growth is nothing great....
My Portfolio: AMZN, PAGP, FSLR, OKE, PYPL, RHT, MSFT

Parsad

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Re: RICK - RCI Hospitality
« Reply #8 on: August 27, 2013, 02:53:45 PM »
I would suggest that the Corner of BRK & FFH take a bus tour to do some on sight due diligence.

No thanks!  I lose too much money at those places when I go to Vegas with friends.  I'd rather stay home and read a 10-K!  Cheers!
No man is a failure who has friends!

Drokos

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Re: RICK - RCI Hospitality
« Reply #9 on: August 28, 2013, 06:02:45 PM »
Tremendous potential in this business, however it is uninvestable until it gets a new CFO and/or CEO. Great cash flow, but some of the worst capital allocation decisions you'll come across. And that's ignoring the plethora of litigation issues (some of their fault, others just industry issues).