Price/Volume Surge: Rick's Cabaret (RICK

Posted in General 
November 14th, 2008

Rick’s Cabaret (NASDAQ: RICK) is trading up sharply this morning.  The largest public adult entertainment venue said that October nightclub sales were up 113% to $6.1 million, and sales at clubs open more than a year were up 8% in October.

If New York is doing so poorly, how is it that the company’s New York club had a gain of 30% in sales for a record month?

It seems that lap dances, pole dances, and drinking really are recession proof.  Even if the sales gains in total are partly from acquisitions, these numbers are impressive.

Rick’s stock is up 14% at $5.13 on only about 33,000 shares as of 9:41 AM EST.  Average volume is almost 300,000 shares.  This stock has a bit of a cult following, so it may gather more interest throughout the day.


NOV. 14, 2008

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