RICK

[newnewbie]

RICK is looking stronger every day. With super strong being reported earlier than usual, RICK  could explode next week.

[bjc]

Lucas, I feel like you're ignorant in this situation.

Did you miss the whole wiseman scandal?  This is the same guy.  He picks the same bs low-float stocks, and pumps them the same way also.  This stock has traded 20,000 shares today.  Maybe he's right, and people will like the earnings.  I'd just hope I'm out by the time the DUMP sets in. 

[dennis67]

he sure don't defend himself does he?  it is real easy to maniplate a low volume stock.with his - rating i dont think any body is paying to much atention to his picks anyhow.

[Lucas Scott]

BJ - I came aboard after the Wiseman scandal, but I know what transpired there. I'm not in RICK, just watching. Yeah, Newb's rating is pretty horrendous. However, it could be that he pissed a couple people off and they're smiting him every time they check this thread. The ol' serial smiter scenario. I hope that's not the case. RICK's chart looks pretty good. We'll see what happens with it after earnings. For now I'll keep it on my watchlist. It doesn't look like a pump and dump to me. Newb is pumping it, but it could just be that he really loves the stock. If we start seeing "RICK to $10 by next Friday" on dozens of Yahoo Finance message boards, then we'll know it's a p&d. For now, I am remaining objective.

[Lucas Scott]

Gotta give Newb some props on his RICK call.  Applaud!

[gambler2075]

I would bet you 10$ that "newnewbie" is in someway associated with this manipulation scam...

be careful out there,
g

http://biz.yahoo.com/ap/060324/mover_rick_s_cabaret.html?.v=2

Rick's Falls on Stock Manipulation Scam
Friday March 24, 7:10 pm ET 
Rick's Cabaret Tumbles After Reaching Year-High; Stock Named Among Those Allegedly Manipulated in Scam


NEW YORK (AP) -- Rick's Cabaret International Inc., which operates a string of gentlemen's clubs, saw its shares fall on Friday -- a day after they reached a 52-week high -- as it was named among the stocks that were artificially manipulated in a scam by members of two organized-crime families.

Shares of the Houston-based company fell 45 cents, or 7.3 percent, to close at $5.75 on the Nasdaq. Trading volume was nearly four times its daily average. The stock hit a 52-week high $6.30 on Thursday, and traded at a year low of $2.55 in June 2005.

According to an indictment handed down by the U.S. District Court for the Eastern District of New York, members of the Colombo and Luchese crime families falsely inflated the prices of more than a dozen stocks by promoting penny stocks -- shares that sell for less than $1 per share -- before selling their own personal holdings at a profit.

Rick's Cabaret President and CEO Eric Langan said in a statement, "We have never heard of any of the people named in this reported Justice Department indictment, we have no relationship with any of them, and we know nothing about these allegations. The first we ever heard of these charges was when we read about them in The Wall Street Journal. Our stock trades in an orderly and transparent fashion and has done so for many years."

The companies whose stocks were involved were not accused of any wrongdoing. In its Friday edition, The Wall Street Journal reported that the stock scheme was part of a broader racketeering case in Brooklyn.

Ten members and associates of the crime families were indicted in Brooklyn, N.Y., federal court on March 16 on charges that include racketeering, conspiracy and extortion. The indictment was unsealed Thursday.

The indictment said the men, who were charged with a spate of racketeering charges, allegedly controlled at least 15 branch offices of brokerage firms in the New York City area and used "high-pressure, false and misleading sales pitches and scripts to convince investors to purchase house stocks."

The indictment also said the accused threatened brokers with physical harm to protect their financial interest.

"Brokers assured investors that the price of the house stocks would rise quickly and made claims exalting the companies' business prospects, although the companies routinely did little or no business," according to the indictment.

[Lucas Scott]

Very interesting article. Thanks for sharing Gambler. Newnewbie is still here operating under the alias "terabemo." His last three pumps have been TRBM, INSM, and currently DGSE. DGSE looks ripe for manipulation - only 2300 shares traded Friday. I wonder if newbie/terabemo is part of the Colombo or Luchese family, or if he was strong-armed into this scam by the mob.

[gambler2075]

Here's the list of stocks that were manipulated:

http://www.nysun.com/article/29789

(page 2)

"Prosecutors allege the prices of more than a dozen stocks were artificially manipulated as part of the scheme.

They included shares of Legends Sports, Axxess, HTTP Technology, Learner's World, Rollerball International, SIMS Communications, Flexweight Corporation, Rick's Cabaret International, Blini Hut, Orex Gold Mines Corporation, Motorsports USA, Evans Systems, Silver Star Foods, and America's Hedge Fund."

g

[sebfr]

Resistance breakout + good momentum...Buy signal now or on a pullback..

[njshiva]

Rick's Cabaret Reports Record Fiscal 2006 Revenue of Nearly $24.5 Million and Net Income over $1.7 Million
Thursday December 28, 9:00 am ET
Conference Call to Discuss Results Scheduled for Dec. 28th at 4:30 p.m. ET

HOUSTON--(BUSINESS WIRE)--Rick's Cabaret International, Inc. (NASDAQ: RICK - News), the publicly traded chain of gentlemen's clubs, reported revenues of $24,487,215 for the year ending September 30, 2006, a 65 percent increase over the previous year's total of $14,824,407. The company had net income from operations of $1,752,714 for its fiscal year ending September 30, 2006, compared with a loss of $215,148 in the prior year.

The company said it earned 38 cents per basic share for the year, compared with a loss of five cents per basic share in fiscal 2005. The net income for the year was impacted by one-time events totaling $320,000 for settlement of a lawsuit, loss on a real estate transaction and goodwill impairment, plus a loss of $330,000 in connection with newly acquired clubs.

"The excellent performance of Rick's Cabaret-New York City gave us a strong revenue boost for the fiscal year and this club continues to grow steadily each month," said Eric Langan, President and CEO of Rick's Cabaret. "Our growth program is on track and we are looking forward to another strong year in 2007 from our existing clubs and the four acquisitions we have made recently. We will also continue to look at additional acquisitions that fit our business model and can be quickly accretive."

Mr. Langan will host a conference call to discuss the results at 4:30 p.m. ET December 28th. Callers in the United States can participate by calling toll free, 877-407-8031. International callers should dial 201-689-8031. The conference call will be available at ricks.com and through Vcall at http://www.vcall.com/IC/CEPage.asp?ID=112421. Teleconference replay is available until 11:59 p.m. on January 3, 2007 in the U.S. toll free at 877-660-6853 and from international points at 201-612-7415. The replay passcodes (both required for playback) are account number 286 and Conference ID number 225251.

Highlights from the company's Form 10KSB filed with the Securities and Exchange Commission include:

    * The 65.18 percent increase in revenues in 2006 over the previous year came from stronger revenues at both new and existing nightclubs, including the New York location, which contributed for a full twelve months compared to one month in 2005.
    * Revenues from nightclub operations for same-location-same-period increased by 25.12 percent year over year.
    * Income from continuing operations for nightclub operations for the same-location-same-period increased by 51.26 percent year over year.
    * Internet revenue totaled $801,395 for the year, compared with $787,617 in the previous year. We expect to continue to grow our Internet profit centers by focusing on high margin activities.
    * Net income from operations for Internet businesses was $138,351 for the year compared with $114,501 for the previous year.
    * Net income for Internet operations for the same-website-same-period increased by 20.83 percent over the previous year.
    * At September 30, 2006, the company had cash and cash equivalents of $854,932 compared to $480,330 at September 30, 2005. Net cash provided by operating activities in the year was $2,725,770 compared to $2,090,030 for the previous year.
    * Cost of goods sold was 11.91 percent of total revenues compared to 12.59 percent of related revenues for the previous year.
    * General and administrative expenses for the year were $11,498,862 compared to $7,458,721 for the previous year, primarily because of the increase in taxes and permit, rent, legal and professional, utilities, insurance, plus advertising and marketing expenses from opening new locations and the New York City location, which was open for the full year.
    * Interest expense for the year was $1,057,020 compared with $699,678 in the previous year, due primarily to increase in debt for the purchase and renovation of the New York club. Long term debt is now $13,920,733, compared with $13,246,836 in the previous year.

Rick's Cabaret reported a weighted average number of common shares outstanding of 4,640,499 as of September 30, 2006, and a diluted total average of 5,065,962 shares. As of December 15, 2006 there were 5,334,515 shares outstanding.

[BigSully1]

Wow, this stock has done fantastic. Too bad no one continued to follow it or stuck with it.  I'm not sure the ER, though good, will be enough to sustain much upward if any from here though. I don't think I would buy here, What do you guys think? Beat the EPS consensus by a long shot, .20 vs .14, but only just met the rev consensus.

http://stockcharts.com/h-sc/ui?s=RICK&p=D&b=5&g=0&id=p29799301668
         

Press Release Source: Rick's Cabaret International, Inc.


Rick's Cabaret International, Inc. Reports Record Net Income for Fiscal 2007 with 74.3 Percent Increase from Previous Year; Net Earnings Are 54 Cents Per Basic Share
Thursday December 20, 4:01 pm ET


HOUSTON--(BUSINESS WIRE)--Rick's Cabaret International, Inc. (NASDAQ-GM: RICK), operator of upscale gentlemen's clubs, today reported net income of $3,054,899 for its fiscal year ending September 30, 2007, a 74.3 percent increase over the $1,752,714 reported in the previous year. The company became a taxpayer during the 2007 fiscal year and thus recorded $236,446 in income tax expense. Income before income taxes for the 2007 fiscal year was $3,291,345, an 87.8% increase over 2006.
ADVERTISEMENT


For the company's fourth quarter ending September 30, 2007 revenues were $8,968,243, a 41.5 percent increase over the $6,336,781 reported in the previous year; net income was $1,178,208 compared with a loss of $114,668 and earnings per basic share were 20 cents compared with a loss of three cents in the previous year.

Full fiscal year 2007 earnings were 54 cents per basic share, which exceeded the company's guidance of 48 cents. Earnings per fully diluted share were 50 cents, compared with 35 cents in the previous year.

In fiscal 2007 the company had revenues of $32,013,940, a 30.7 percent increase over revenues of $24,487,215 in 2006. The increase was primarily due to revenues generated from newly acquired clubs and increases in revenues from existing clubs, especially from the Rick's Cabaret in New York City. Revenues from nightclub operations for same-location same-period increased by 11.8 percent year over year. Revenue for Internet businesses decreased by 9.1 percent, but generated operating income of $111,919.

"We are very pleased with our 2007 performance overall," said Eric Langan, President and CEO of Rick's Cabaret. "The really exciting time for our company lies ahead of us: our organic growth continues to be strong; we will immediately begin seeing the dramatic impact of earnings from our newest acquisition, Tootsies in Miami; and we have a robust pipeline of additional acquisitions ahead of us."

Net cash provided by operating activities in 2007 was $4,383,121, compared with $2,725,770 in 2006. On September 30th, the company had cash and cash equivalents of $2,998,758, compared with $854,932 at the end of the prior year.

Interest expense for the year ended September 30, 2007 was $1,335,713 compared to $1,057,020 for the prior year, primarily due to the increase in debt related to the purchase of new clubs. The company had long term debt to $14,387,339 as of September 30, 2007 compared to $13,920,733 a year earlier.

Total assets on the consolidated balance sheets of the company as of September 30, 2007 were $47,075,760, compared with $30,602,875 at the end of fiscal 2006.

About Rick's Cabaret: Rick's Cabaret International, Inc. (NASDAQ: RICK - News) operates upscale adult nightclubs serving primarily businessmen and professionals that offer live adult entertainment, restaurant and bar operations. The company owns, operates or licenses adult nightclubs in New York City, Miami, New Orleans, Charlotte, Houston, Minneapolis and other cities under the names "Rick's Cabaret," "XTC" and "Club Onyx." It also operates "Tootsie's Cabaret" in Miami Gardens, FL and "New Orleans Nights" in Ft. Worth, TX. Sexual contact is not permitted at any of these locations. Rick's Cabaret also owns the adult Internet membership Web site, couplestouch.com, and a network of online adult auction sites under the flagship URL naughtybids.com. Rick's Cabaret common stock is traded on NASDAQ under the symbol RICK. For further information contact [email protected].

Forward-looking Statements: This document contains forward-looking statements that involve a number of risks and uncertainties that could cause the company's actual results to differ materially from those indicated in this document, including the risks and uncertainties associated with operating and managing an adult business, the business climates in New York City and elsewhere, the success or lack thereof in launching and building the company's businesses in New York City and elsewhere, risks and uncertainties related to the operational and financial results of our Web sites, conditions relevant to real estate transactions, and numerous other factors such as laws governing the operation of adult entertainment businesses, competition and dependence on key personnel. Rick's has no obligation to update or revise the forward-looking statements to reflect the occurrence of future events or circumstances. For further information visit www.ricks.com <http://www.ricks.com/>.

RICK'S CABARET INTERNATIONAL, INC.

 

CONSOLIDATED STATEMENTS OF OPERATIONS

     
  Year Ended September 30, 
    2007        2006 
       
Revenues:         
Sales of alcoholic beverages   $  12,111,348     $  8,781,635   
Sales of food and merchandise    3,185,494      2,651,868   
Service revenues    14,883,205      11,442,371   
Internet revenues    730,629      801,395   
Other      1,103,264          809,946     
Total revenues    32,013,940      24,487,215   
       
Operating expenses:         
Cost of goods sold    4,035,522      2,915,312   
Salaries and wages    8,739,859      7,081,660   
Stock-based compensation    196,871      -   
Other general and administrative:         
Taxes and permits    4,071,677      3,074,577   
Charge card fees    638,248      485,342   
Rent    1,494,005      1,150,338   
Legal and professional    1,124,856      865,111   
Advertising and marketing    1,325,367      1,176,277   
Depreciation and amortization    1,596,650      1,049,247   
Insurance    785,519      420,450   
Utilities    800,366      621,051   
Other    3,101,314      2,576,628   
Goodwill impairment      -          79,841     
Total operating expenses      27,910,254          21,495,834     
       
Income from operations    4,103,686      2,991,381   
       
Other income (expense):         
Interest income    58,394      25,796   
Interest expense    (1,335,713  )     (1,057,020  ) 
Loss on sales of assets    -      (68,134  ) 
Other      37,134          (170,646  ) 
       
Income before minority interest    2,863,501      1,721,377   
       
Minority interest      427,844          31,337     
       
Income before income taxes    3,291,345      1,752,714   
       
Income taxes      236,446          -     
       
Net income   $  3,054,899       $  1,752,714     
Basic and diluted earnings per share:         
Net income, basic   $  0.54       $  0.38     
       
Net income, diluted   $  0.50       $  0.35     
Weighted average number of common shares outstanding:         
Basic    5,700,548        4,640,499     
       
Diluted    6,215,285        5,065,962     

[BigSully1]

Thursday May 8, 4:01 pm ET


HOUSTON--(BUSINESS WIRE)--Rick's Cabaret International, Inc., the premier operator of upscale gentlemen's clubs, today reported record revenues of $15.46 million for its second quarter ended March 31, 2008 with net earnings of $2.60 million compared with $7.57 million and $492,344, respectively, for the same period last year. Earnings per diluted share for the quarter were 32 cents, compared with 9 cents the year before.
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For its 2008 fiscal year the company said it expects to have sales of approximately $61 to $62 million, with after tax net income of about $10.5 to $11 million, on which it anticipates earning between $1.25 and $1.30 per fully diluted share. If spread over all of calendar 2008 revenues should equal about $68-$70 million, with net income of about $13 to $14 million and projected earnings of approximately $1.55 to $1.60 per fully diluted share.

The company's outlook for fiscal 2009 anticipates revenues of exceeding $100 million, with earnings per share in the $2.30 to $2.50 range per fully diluted share.

The 2008 projections do not include the closing of a previously announced acquisition in Las Vegas while the 2009 outlook does include the Las Vegas transaction and continued execution of the company's acquisition strategy.

These projections update the company's previous guidance issued on February 13, 2007 and April 1, 2008. The company operates on a fiscal year ending September 30. Some projections have also been stated on a calendar year basis for ease in comparison with other companies.
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VCGH also appears to have probably bottomed