Robert Weinstein

Rick's Has Great 2008, but Fails to Provide Guidance

Very good article.

I just made two trips to Vegas in as many months to look at RICK, LVS, and BYD and it does appear that the Vegas club is going to be a financial drain for some time to come.

I keep wondering if Eric is a better club owner than CEO. Some of the actions just do not pass the smell test for this investor. For example I can not think of a reason why a company with a market cap of less than $60 million borrows money so that they can buy an airplane? The Vegas club is not as easy to criticize but its in a poor location relative to others so it should be easy to spot that it will be the first to have lower revenue in a down turn.

RICK is a stock that I have owned and want to own again but without a change in the attitude of management or financial results I will have to wait it out.