Ricks Cabaret (RICK), an operator of 15 adult nightclubs, has apparently not been effected by the current economic slowdown. I guess we know where guys are spending their stimulus checks. I have been folowing this stock for a while, but never pulled the trigger. It has released very strong 2008 and 2009 outlook and looks poised to move higher. I will continue to watch for know, but I will be looking to add some shares on a dip.
Here is an excerpt from yahoo:
"For its 2008 fiscal year the company said it expects to have sales of approximately $61 to $62 million, with after tax net income of about $10.5 to $11 million, on which it anticipates earning between $1.25 and $1.30 per fully diluted share. If spread over all of calendar 2008 revenues should equal about $68-$70 million, with net income of about $13 to $14 million and projected earnings of approximately $1.55 to $1.60 per fully diluted share.
The company’s outlook for fiscal 2009 anticipates revenues of exceeding $100 million, with earnings per share in the $2.30 to $2.50 range per fully diluted share."
