* RCI Hospitality Holdings Inc. stock will always trade at a deep discount to its intrinsic value, so the upside is limited. Real financial institutions won't touch this stock.
* RCI Hospitality Holdings Inc. has a long term competitive advantage only in adult clubs. In non-adult fields, such as Bombshells, it faces more savvy and experienced competitors that will soon eat its lunch..
* I don't believe RCI Hospitality Holdings Inc. will return more capital to shareholders in the form of buybacks, since the company is merely attempting to hold up the stock price. Buybacks only have a temporary effect! At the end of the day, it's just an accounting trick!
"Continued declines in non-performing assets and strong loan growth contribute to a 13.9% year-to-date reduction in the Company's non-performing asset ratio." - May 14, 2015.
IMO, early 2015 earnings release was way too bullish. Painted a very pretty picture that things were getting better while they must have known big nonaccrual was pending! So personally, I wouldn't follow the insiders.
This will soon drop to the next support level at $10.00.
Another financial crash will expose the weaknesses in other small banks. They're faking it.
Can't wait until the activists publish one of those letters, as they are known to do:
"TOWN spends $_______ on the shareholders meeting? You're joking!"
When the illegals have to go home, 25% of Texas will be left vacant. Wages will rise for restaurants ... and other employers of low-paid workers, such as Walmart. More pay ... less customers. It's a financial disaster in the making!
They're about as welcome as Michael Vick at a PETA convention.
Economy suddenly seems weaker than anticipated ... rate hike will probably be put off. That won't be good either ... weak banks are screwed either way!!!
Rick Perry predicted that oil price crash wouldn't affect Texas. It's turning out to be worse than expected ... with the worst to come!