Martinas B.

Rick's Cabaret International Inc. (RICK) – A shareholder's conference call like no other, but with no damage to the stock rise

by Martinas B. July 4, 2007
ricks-cabaret-logo.jpgRick's Cabaret International Inc. (RICK) is surprisingly doing very well on the stock market. And indeed it seems their hysterical conference call video has done no damage to the stock performance.

With a significant 43,9 per cent stock growth since last year August, the company will has plans for the expansion even to Asia and Latin America.

The company also own some websites, including a dating site and an adult site.

The most notable increase for the stock has started since the very end of the last year, since then it has been driving straight to the new highs.


RICK-chart_copy.jpg


As of today, July 4th the stock arrived at a price of $9.5.

The Data Sheet

For the three months ended March 31, 2007, the company had consolidated total revenues of $7,569,589 compared to consolidated total revenues of $6,119,516 for the three months ended March 31, 2006, an increase of $1,450,073 or 23.70%.

According to the company officials, the increase in total revenues was primarily attributable to the increase in revenues generated by the company’s new clubs in San Antonio and Austin, Texas

Total revenues for same-location-same-period of club operations increased to $6,335,820 for the three months ended March 31, 2007 from $5,740,560 f or same period ended March 31, 2006, a 10.37% increase.

The cost of goods sold for the three months ended March 31, 2007 was 12.71% of total revenues compared to 12.18% for the three months ended March 31, 2006.

Payroll and related costs for the three months ended March 31, 2007 were $2,156,054 compared to $1,678,813 for the three months ended March 31, 2006.
Other general and administrative expenses for the three months ended March 31, 2007 were $3,658,547 compared to $2,731,928 for the three months ended March 31, 2006.

Interest expense for the three months ended March 31, 2007 was $328,454 compared to $271,469 for the three months ended March 31, 2006. The increase was attributable to the company’s obtaining new debt to finance the purchase and renovation of the new clubs. As of March 31, 2007, the balance of long-term debt was $12,963,232 compared to $12,599,743 a year earlier.

Net income for the three months ended March 31, 2007 was $492,344 compared to $706,070 for the three months ended March 31, 2006. The decrease in net income was primarily due to costs associated with opening new clubs. Net income for same-location-same-period of club operations increased to $1,599,288 for the three months ended March 31, 2007 from $1,307,495 for same period ended March 31, 2006, or by 22.32%.


The product


Rick's Cabaret International, Inc., earns money by operating a bunch of adult nightclubs serving primarily businessmen and professionals that offer live adult entertainment, restaurant, and bar operations in the United States.

Based in Houston, Texas, the company owns and operates, or licenses adult nightclubs in New York, New Orleans, Charlotte, Houston, Minneapolis, and other cities under the names Rick's Cabaret', XTC', and Club Onyx'.


As of September 30, 2006, it operated 13 adult nightclubs. Rick's Cabaret International was founded in 1982 and is based in Houston, Texas.

A shareholder's conference call like no other




References:

http://www.ricks.com

http://quotes.nasdaq.com/asp/summaryquote.asp?symbol=RICK%60&selected=RICK%60

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