RICK just exited Las Vegas (Q3’11), which had been a disastrous acquisition and a drag on numbers since ’08. RICK was losing ~$2 million per year in Las Vegas, which equates to an incremental $0.13 in EPS. By exiting Las Vegas, RICK will also realize $4.9 million in tax benefits (according to the...
Rick's Cabaret Is a Sin Stock Priced for Hot Returns
Published: July 16, 2007