before the RICK employees buy them out!
Remember, all along (like for years) Management and SA kept pumping all the benefits of a REIT that was always moments away. In the meantime, the Yahoo MB told you there would be no REIT.
Now Management and SA are pumping the benefits of NO-REIT.
Whatever ... fact is REIT didn't happen. Management and SA have no credibility!!!!
The partron tax was a tax on the patrons, not the business. If RICK collected tax they don't have to turn over to the State, then they need to refund it to the patrons. According to the CC transcripts, they seemed to be collecting tax all along ... or if someone paid a cover charge, that was the tax, because it was the law. So RICK needs to refund about $7M plus to the patrons. They will claim it soon .... watch!
Net can't be that good. You will probably get that bogus N0N-GAAP accounting to make it look good. Every quarter it's a new one-time charge!!!
Breastaurants do not foster a consent-based, sex-positive culture, “There is a growing awareness of the persistence of sexual harassment and sexual discrimination, and of rape culture, in society. There is a rising chorus of voices saying that kind of a sexual culture is not funny and it’s not fun,” she said. “That same rising chorus saying sexual harassment is a problem is also calling out the way our society stigmatizes and shames women for their sexuality ..."
Somewhat ironically, strip clubs don't face the same challenges as breastaurants, as they aren't attempting to blend in to mainstream society and pass themselves off as respectable businesses with good food and a wholesome atmosphere. Strip clubs are usually in industrial areas, have a sleazy atmosphere, and bouncers are there to protect the women - who are hardened professionals and usually make significant salaries - very significant!. On the other hand, the poor women in breastaurants are just trying to be waitresses in skimpy outfits making meager wages without bouncers to protect them, while the customers view the breastaurant as a economical strip club for the cheap man on a budget - it's a flawed business model not adaptable to the changing mores against sexual harassment. Psychologists will tell you: Breastaurants cater to the truly sick and perverted! Once respectable people don't want to be seen in one, they will go the way of the local adult film theatre.
Just look at the WSJ dated 6/11/2013: Management said it would complete REIT spin-off within six months.
Rick too concentrated in texas!!! smart money is bailing!!! every bank in texas will soon fail!!!
Once the shale dominoes begin to fall, it will spread to the financial markets and real estate, devastating the energy region. Just like investors missed the tech bubble bursting in 2000, and the real estate bubble bursting in 2008, they are blind to the unfolding crisis! For example, read the Bloomberg article:
"Cheap Oil Is Squeezing Property Owners in Energy Hubs"
You will see ... as it takes a little time! Another Bloomberg article this week:
"Half of the 41 fracking companies operating in the U.S. will be dead or sold by year-end because of slashed spending by oil companies, an executive with Weatherford International Plc said.
There could be about 20 companies left that provide hydraulic fracturing services, Rob Fulks, pressure pumping marketing director at Weatherford, said in an interview Wednesday at the IHS CERAWeek conference in Houston. Demand for fracking, a production method that along with horizontal drilling spurred a boom in U.S. oil and natural gas output, has declined as customers leave wells uncompleted because of low prices."
As I recall, the CEO of this bank is pretty young, right? So it's going to be a long wait! Snooze....
Leading to crushing losses for the weaker banks.