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RCI Hospitality Holdings, Inc. Message Board

  • ttullio3 ttullio3 May 10, 2013 10:49 PM Flag

    Buy rating and $14 price target

    "Momentum is turning for Rick’s Cabaret, and Brean Capitalkeeps its earnings forecast intact despite a Q1 revenue miss. The firm believes Rick’s is positioned to register double digit top and bottom line expansion, citing numerous acquisition opportunities, and impending new concept club roll-outs. It keeps a Buy rating and $14 price target."

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    • You are a mindless pumper.

      Brean Capital would receive a "bonus" $1M from other shareholders IF they can get the stock pumped above the $13.xx share price where RICK would buy back their $10 convertible notes. That's right, RICK put in the convertible deal that they would buy back the shares at a 30%+ premium, right out of company's (shareholders) cash I would assume. It's no wonder Brean Capital serves up such easy lobs for Eric to spike at these "conference calls". But when the stock never gets there, they receive 10% on their loan anyways. Brean is a taker no matter how you slice it, but Eric's ego has put the company in that kind of financial pickle with his silly "growth" mumbo jumbo.

      Sentiment: Strong Sell

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