Publically Traded Strip Clubs
TimboAtl
Georgia
During the last year, I've invested part of my retirement in publically traded strip clubs. Rick's Cabaret (RICK) has returned 140% YTD and P T's Show Clubs (PTT) has returned 100%. Actually the two best stocks in my portfolio this year. These are great investments. What other business makes everyone pay to work there? Us poor customers pay to get in, and of course everyone on the staff pays a tip out. I do worry a little about a big fraud at one of these companies, given the amount of cash changing hands.
Of course these stocks are never pushed by brokers. I couldn't see anyone at Merrill Lnych recommending the stock to a little old lady.
Of course these stocks are never pushed by brokers. I couldn't see anyone at Merrill Lnych recommending the stock to a little old lady.
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19 comments
To me, the things that make strip clubs appealing are generally borderline illegal. The contact that goes beyond what the jurisdiction restricts; the opportunities for back-room service; the connections for outside-the-club play. I'm not going to be able to transfer my knowledge of what places are good at THAT, into ANYTHING useful for investing in the NYSE.
Trivia - Did you know that if you made a one-time $200 stock purchase in Wal-Mart when it went public (1977?), that your stock would have been valued at about 1.2 million dollars, when Sam died? I heard this on Paul Harvey years ago. Anyone else hear about this fact?
I've noticed RICK has gone down quite a bit since talked about on here.
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