Negligible Capital on X
The GTA 6 trailer is insane. Could genuinely cause a boom in strip clubs, guns, drugs and alcohol GTA IV Basket: $RICK likely gets slammed $SWBI $RGR $MSOS $TAP $DEO Etc.
NASDAQ
Rci Hospitality Holdings, INC.
RICK
13 stories
$199M Market cap · 2026-10-06
Adam D. Wyden on X
@Vienna13Capital @RicksCEO @orchardwealth69 @BradleyChhay BMB alone according to the CEO is 65 - 85mm and generating no EBITDA.. That's like 20-30 pct of the market back to you.... $RICK
Adam D. Wyden on X
@WBPetersen @RicksCEO @BTaylorUSA @orchardwealth69 SSS in the clubs have been flattish.. They are closing BMB units which has been driving the lion share of negative revenues. Huge RE value in BMB too. New clubs purchased / open/ central city should start ramping soon too. Lines should cross on rev by end of year IMO. $rick
Adam D. Wyden on X
$rick is trading less than value of RE/ PP&E (412.6m gross). Given the big locations in big cities my guess is the market value of this could be > 600 mm. RCI has total debt of ~200mm leaving net RE of 400mm. curr. mkt cap is 308 mm. @RicksCEO @BTaylorUSA @orchardwealth69
Adam D. Wyden on X
@RicksCEO Market doesn’t care about tariffs anymore. BBB signed. How much stock are we buying tomorrow ? What clubs are we buying? $rick
Adam D. Wyden on X
@oraclealexx @qlixontop @RicksCEO I think $rick has been public since 1995 or smthg. The opty to trade bmb/ re for buyback in future earnings diwn here is tremendous or more m&a…..
Adam D. Wyden on X
@qlixontop @marginofdanger @RicksCEO Bmb RE worth close to 100 (assets making zero). Re held for sale I think co. said ~30. Tootsies worth 125? Ricks nyc 50? That’s 300 right there. Scarlett’s ? 50+ other clubs many are in major metro areas. This thing is worth more dead than alive now. $rick Ask @RicksCEO
Adam D. Wyden on X
3/ $RICK $PAR $APG $GFL $TIC
Adam D. Wyden on X
@OtterMarket $rick is more cyclical than I expected. Definitely can’t open new ones. Weak capacity closes/comes out for sure… and ideally shares get bought out and so do other assets on cyclical lows. The assymetry here is actually pretty after a 3 yr tailspin.
Adam D. Wyden on X
@OtterMarket Exactly like $rick
Adam D. Wyden on X
@OtterMarket This is great. Reminds me a little of $rick. In the investing “business “… sometimes distribution of return matters more than the actual return. Wonder what the drivers of economic return were here. Inflation? M&a?…. Eggs were never going away….
Adam D. Wyden on X
@RicksCEO I’ll take your deal if we can add a zero to your 6 mm of ebitda added a year. 60 sounds a lot better ! $rick
Adam D. Wyden on X
@RicksCEO Maybe if you did 500 of ebitda, we could afford that one… $rick
Investor Letters
Letters that discuss RICK.
- Bireme Capital December 2023 Investor Letter December 2023 BTI $120B0ADF AAPL $4.9T
- Bireme Capital 3Q22 Quarterly Report 3Q22 NFLX $511BRICK $199MTME $13B
- Bireme Capital 3Q21 FV Quarterly Report 3Q21 GME $13BBOL $12BFUBO $962M
- Greenhaven Road Capital Q1 2021 first quarter 2021 APPS $1.3BESTC $9.9BKKR $80B
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