RCI Hospitality: Troubling Relationships Reinforce Short Thesis [Seeking Alpha]
RCI Hospitality Holdings, Inc. (RICK)
Last rci hospitality holdings, inc. earnings: 2/27 04:10 pm
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US:NASDAQ Investor Relations:
rcihospitality.com/investor/default.aspx
Company Research
Source: Seeking Alpha
Summary What you find is there's never just one cockroach in the kitchen when you start looking around, – Warren Buffett After the first cockroaches were discovered at RCI Hospitality ( RICK ) earlier this year, I started digging deeper and discovered a troubling relationship between RCI CEO Eric Langan and a construction company that has received tens of millions of dollars worth of business from RCI. Numerous red flags, including issues with security at Bombshells, multiple lawsuits , and questionable capital allocation. Some of these issues have been known though poorly covered over the past few years, but many issues were new claims that were made public for the first time. While these were all troubling discoveries that highlighted the company’s poor stewardship, the amount of capital being misappropriated in today’s discovery dwarfs all of the prior transactions. It should be noted that I reached out to the head of IR for RCI, and I did not receive any respons
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RICK
News
- Ace River Capital Q1 2024 Quarterly Letter [Seeking Alpha]Seeking Alpha
- Why RCI Hospitality Holdings, Inc. (NASDAQ:RICK) Could Be Worth Watching [Yahoo! Finance]Yahoo! Finance
- RCI Hospitality (RICK): Ace River Capital Partners' Top Position [Yahoo! Finance]Yahoo! Finance
- RCI Hospitality Holdings Inc (NASDAQ: RICK) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- RCI Hospitality (RICK) Provides Q2 Business Update, Stock Down [Yahoo! Finance]Yahoo! Finance
RICK
Earnings
- 2/8/24 - Miss
RICK
Sec Filings
- 4/9/24 - Form 8-K
- 3/18/24 - Form 4
- 2/26/24 - Form 4
- RICK's page on the SEC website