Ahhhh yes, Rick's.
I see they haven't changed their ways since their very first Rick's club in Houston in the 80's.
Quote:
Originally Posted by TomCollins
And that is a publicly traded company!
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Yes it is, since they went public in 1995.
I think they may also be one of only two or possibly even the only one publicly traded company that owns strip clubs.
I remember it was $1.85 a share on their prospectus when I was given a copy of it right before their IPO in 1995.
I didn't bite.
If I remember correctly in 24 years, their stock per share price has never gone higher than $33-35 and that is recently.
Before that it went as high as $27 but the rest of the time it floundered at under $20 and under $10 most of the past 24 years.
They own all these strip clubs, night clubs and restaurants including Bombshell.
http://www.rcihospitality.com/
They also own sports bars and adult websites:
https://en.wikipedia.org/wiki/Rick%27s_Cabaret