Revisiting Rick’s After Results (RICK)

By Douglas A. McIntyre Updated Apr 28, 4:08AM EDT · Published Nov 17, 3:04PM EST

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Ricks_logo Rick’s Cabaret International Inc. (NASDAQ: RICK) for the most part is as controversial of a stock as you can get. It owns and operates "gentleman’s clubs" and is still growing organically and via acquisitions. We featured this stock last night for our subscribers of our weekly "10 Stocks Under $10" newsletter. Below is part of the synopsis sent out:

In October its "same-store sales" grew 8%. This is almost unbelievablewhen you consider that people are pinching pennies left and right…You really need to go look at the numbers reported on Friday. You’llsee why it rose over 12% on a crummy day.

…live entertainment of this sort just hasn’t been excessively slowed down by a poorer and poorer Joe Public.

This stock was admittedly run up way too high by the start of the year, but is now off 80% from highs.

There are risks in this business that do not exist in others because ofthe nature of the sin business, and this is not the sort of stock thatsteady church-goers would want to say that they made money or lostmoney in.

Owning it and then doing some on-site research and analysis might evenqualify you for some "in the field research expenses" if you are thatcreative.

But, all joking aside… the numbers speak for themselves and we wanted to keep you abreast of this one.

Jon C. Ogg
November 17, 2008

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.